Calculate the Net Asset Value of the company whose balance sheet is given below (prepare the adjusted balance sheet) Assets 2,400 Liabilities+Equity 2,400 Current Assets 1,400 Short Term Liabilities 940 Cash 100 Trade Payables 340 Trade Receivables 500 Short Term Bank Credits 600 Inventory 800 Long Term Liabilities 300 Fixed Assets 1,000 Long Term Bank Credits 300 Financial Fixed Assets 300 Equity 1,160 Tangible Fixed Assets 350 Paid-in Capital 900 Intangible Fixed Assets 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
Calculate the Net Asset Value of the company whose balance sheet is given below (prepare the adjusted balance sheet) Assets 2,400 Liabilities+Equity 2,400 Current Assets 1,400 Short Term Liabilities 940 Cash 100 Trade Payables 340 Trade Receivables 500 Short Term Bank Credits 600 Inventory 800 Long Term Liabilities 300 Fixed Assets 1,000 Long Term Bank Credits 300 Financial Fixed Assets 300 Equity 1,160 Tangible Fixed Assets 350 Paid-in Capital 900 Intangible Fixed Assets 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Calculate the Net Asset Value of the company whose balance sheet is given below (prepare the adjusted balance sheet)
Assets
2,400
Liabilities+Equity
2,400
Current Assets
1,400
Short Term Liabilities
940
Cash
100
Trade Payables
340
Trade Receivables
500
Short Term Bank Credits
600
Inventory
800
Long Term Liabilities
300
Fixed Assets
1,000
Long Term Bank Credits
300
Financial Fixed Assets
300
Equity
1,160
Tangible Fixed Assets
350
Paid-in Capital
900
Intangible Fixed Assets
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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