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

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Definitions:

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