Glo's Glasses Balance Sheet Lists Net Fixed Assets as $20

question 119

Multiple Choice

Glo's Glasses balance sheet lists net fixed assets as $20 million. The fixed assets could currently be sold for $25 million. Glo's current balance sheet shows current liabilities of $7 million and net working capital of $3 million. If all the current accounts were liquidated today, the company would receive $9 million cash after paying $7 million in liabilities. What is the book value of Glo's assets today? What is the market value of these assets?

• A) $10 million, $16 million
• B) $10 million, $35 million
• C) $30 million, $35 million
• D) $30 million, $41 million

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Definitions:

Continuous Variation

Range of small differences in a trait.

Bell-Shaped Curve

A graphical representation of data that depicts a normal distribution, showing how a variable is spread across a population in a shape that resembles a bell.

Phenotypic Variation

The observable differences in appearance, function, and behavior among individuals of the same species due to genetic and environmental factors.

Monohybrid Cross

Cross between two individuals identically heterozygous for one gene; for example Aa × Aa.