Acme Bricks Balance Sheet Lists Net Fixed Assets as $40

question 49

Multiple Choice

Acme Bricks balance sheet lists net fixed assets as $40 million. The fixed assets could currently be sold for $50 million. Acme's current balance sheet shows current liabilities of $15 million and net working capital of $12 million. If all the current accounts were liquidated today, the company would receive $77 million cash after paying $15 million in liabilities. What is the book value of Acme's assets today? What is the market value of these assets?

• A) $12 million, $77 million
• B) $27 million, $92 million
• C) $40 million, $50 million
• D) $67 million, $142 million

---

Definitions:

Living Will

A legal document specifying a person's wishes regarding medical treatment in circumstances where they are no longer able to express informed consent.

Salem Sump

A type of nasogastric tube featuring a double lumen design, one for removal of gastric contents and the other for air venting.

Nasogastric (NG) Tube

A nasogastric (NG) tube is a flexible tube that is passed through the nose into the stomach, primarily used for feeding or removing stomach contents.

Nausea

A sensation of nausea with a tendency to throw up.