Lew's auto repair has cash of $18,600, accounts receivable of $34,500, accounts payable of $28,900, inventory of $97,800, long-term debt of $142,000, and net fixed assets of $363,800. the firm estimates that if it wanted to cease operations today it could sell the inventory for $85,000 and the fixed assets for $349,000. the firm could collect 100 percent of its receivables as they are secured. what is the market value of the firm's assets?

Market value of the assets is the total value of the assets the organization will receive if it is liquidated today.

Market value of firm’s total assets = Market value of firm’s current assets + Market value of firm’s fixed assets

= Cash + Market value of inventory + Collectible accounts receivables + Market value of fixed assets

= 18600 + 85000 + 34500 + 349000

= $487100

Therefore, the market value of firm’s assets would be $487,100.

$487 100

Explanation:

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