Muffin's Masonry, Inc

question 48

Multiple Choice

Muffin's Masonry, Inc.'s balance sheet lists net fixed assets as $16 million. The fixed assets could currently be sold for $17 million. Muffin's current balance sheet shows current liabilities of $5.5 million and net working capital of $6.5 million. If all the current accounts were liquidated today, the company would receive $10.25 million cash after paying $5.5 million in liabilities. What is the book value of Muffin's Masonry's assets today? What is the market value of these assets?

• A) Book Value: $28m; Market Value: $32.75m
• B) Book Value: $32m; Market Value: $42.25m
• C) Book Value: $32m; Market Value: $32.75m
• D) Book Value: $28m; Market Value: $42.25m

---

Definitions:

Support Slavery

Endorsement or defense of the practice of owning individuals as property and coercing them to work.

Southerners

Individuals from the southern region of a country, often specifically referring to the southern United States, with its distinct cultural and historical traits.

Opposition to Slavery

Activities, movements, or ideologies aimed at ending or expressing disapproval of slavery.

Diversity

The inclusion of individuals representing more than one national origin, color, religion, socioeconomic stratum, sexual orientation, etc.