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Business, 20.09.2020 09:01 brooklynmikestovgphx

Recently, the owner of Martha's Wares encountered severe legal problems and is trying to sell her business. The company built a building at a cost of $1,140,000 that is currently appraised at $1,340,000. The equipment originally cost $620,000 and is currently valued at $367,000. The inventory is valued on the balance sheet at $310,000 but has a market value of only one-half of that amount. The owner expects to collect 98 percent of the $175,200 in accounts receivable. The firm has $11,700 in cash and owes a total of $1,340,000. The legal problems are personal and unrelated to the actual business. What is the market value of this firm?

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