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Calculate the Net Asset Value of the company whose balance sheet is given below (prepare the adjusted balance sheet) Assets Current Assets Cash Trade
Calculate the Net Asset Value of the company whose balance sheet is given below (prepare the adjusted balance sheet) Assets Current Assets Cash Trade Receivables Inventory Fixed Assets Financial Fixed Assets Tangible Fixed Assets Intangible Fixed Assets 2,400 Liabilities+Equity 2,400 1,400 Short Term Liabilities 940 100 Trade Payables 340 500 Short Term Bank Credits 600 I 800 Long Term Liabilities 300 1,000 Long Term Bank Credits 300 300 Equity 1,160 350 Paid-in Capital 900 350 Net Profit/Loss 260 Market value of the inventory is 740 TL We need to make a 10% discount to Trade Receivables to collect them early Market value of the financial fixed assets is 575 TL We have a potential buyer willing to pay 625 TL for Tangible Fixed Assets There will be a penalty of 15% to short term and long-term bank credits for early closing There is a 25 TL interest charge to trade payables since we did not pay them on time
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