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Construct the book value and market value balance sheets

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Question - Ava's SpinBall Corp. lists fixed assets of $30 million on its balance sheet. The firm's fixed assets have recently been appraised at $52 million. Ava's SpinBall Corp.'s balance sheet also lists current assets at $23 million. Current assets were appraised at $42 million. Current liabilities' book and market values stand at $5 million and the firm's book and market values of long-term debt are $24 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.

Reference no: EM132811102

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