Question: Problem 2-18 Market Value versus Book Value (LG2.2) Ava's SpinBall Corp. lists fixed assets of $27 million on its balance sheet The firm's fixed assets

 Problem 2-18 Market Value versus Book Value (LG2.2) Ava's SpinBall Corp.

Problem 2-18 Market Value versus Book Value (LG2.2) Ava's SpinBall Corp. lists fixed assets of $27 million on its balance sheet The firm's fixed assets have recently been appraised at $46 million Ava's SpinBall Corp 's balance sheet also lists current assets at $20 million Current assets were appraised at 536 m Ilion. Current liabilities' book and market values stand at $2 million and the firm's book and market values of long-term debt are $18 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.)

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