Question: - Cash Flow 6 Saved Help Save & Exit Check Problem 2-18 Market Value versus Book Value (LG2-2) Ava's SpinBall Corp. lists fixed assets of

 - Cash Flow 6 Saved Help Save & Exit Check Problem

- Cash Flow 6 Saved Help Save & Exit Check Problem 2-18 Market Value versus Book Value (LG2-2) Ava's SpinBall Corp. lists fixed assets of $23 million on its balance sheet. The firm's fixed assets have recently been appraised at $38 million. Ava's SpinBall Corp.'s balance sheet also lists current assets at $16 million. Current assets were appraised at $28 million Current liabilities' book and market values stand at $6 million and the firm's book and market values of long-term debt are $10 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. (Enter your answers in millions of dollars.) BOOK VALUE MARKET VALUE (in millions of dollars) 0 $ Assets Current assets Fixed assets Total Liabilities and Equity Current liabilities Long-term debt Stockholders' equity Total

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