In: Finance
Ava’s SpinBall Corp. lists fixed assets of $32 million on its balance sheet. The firm’s fixed assets have recently been appraised at $56 million. Ava’s SpinBall Corp.’s balance sheet also lists current assets at $25 million. Current assets were appraised at $46 million. Current liabilities’ book and market values stand at $7 million and the firm’s book and market values of long-term debt are $28 million.
Calculate the book and market values of the firm’s stockholders’ equity. Construct the book value and market value balance sheets for Ava’s SpinBall Corp