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Rewrite the listed below balance sheet, then compute the SRSB CORP's value
Rewrite the listed below balance sheet, then compute the SRSB CORP's value. SRSB CORP, BALANCE SHEET, 31 DECEMBER 2019 Current assets Cash and Cash equivalents Short term investments Net receivables inventory Other Current Assets Total Current Assets 1,200,000 500,000 15,400,100 8,963,050 802.000 26,865,150 Current Liabilities Accounts Payable Short-term debt Other current liabilities Total Current liabilities 16,750,000 8,000,000 3,680,000 28.430,000 Long-term debt Other liabilities 25,740,300 11.904.000 Long Term Investments Property, plant and equipment (net) Goodwill Intangible assets Other assets Deferred long-term asset charges 12,650,980 22,000,500 7,100,000 5.260,800 1,093.870 1.962.500 Minority Interest Total liabilities 50,000 66,124,300 stocks, options, warrants common stock retained camnings treasury stock other stockholder equity total equity Total equity and liabilities 250,000 5,000,000 24,840,000 -2,380,000 -16.900,500 10,809,500 76,933,800 Total Assets 76,933.800
Expert Solution
| SRSB Corp balance Sheet, 31 december 2019 | ||||
| Current Assets | Current Liabilities | |||
| Cash & cash equivalent | 1200000 | Accounts payable | 16750000 | |
| Short term investment | 500000 | Short term debt | 8000000 | |
| Net receivables | 15400100 | Other current liabilities | 3680000 | |
| Inventory | 8963050 | Total current liabilities | 28430000 | |
| Other current assets | 802000 | |||
| Total current assets | 26865150 | Long term debt | 25740300 | |
| Other liabilities | 11904000 | |||
| Long term investment | 12650980 | |||
| PPE (Net) | 22000500 | Minority interest | 50000 | |
| Goodwill | 7100000 | Total liabilities | 66124300 | |
| Intangible assets | 5260800 | |||
| Other assets | 1093870 | Stocks, options, warrant | 250000 | |
| Deferred long term asset charges | 1962500 | Common stock | 5000000 | |
| retained earnings | 24840000 | |||
| treasury stock | -2380000 | |||
| Other stockholder equity | -16900500 | |||
| total equity | 10809500 | |||
| Total Assets | 76933800 | total equity and liabilities | 76933800 |
SRSB's corp value = Total equity + Minority interest - Deferred long term asset charge
=10809500 + 50000 - 1962500
= 8897000
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