Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a. construct a balance sheet for 2016 and 2017. b. list all the working capital accounts. c. find the net working capital for the years

a. construct a balance sheet for 2016 and 2017.

b. list all the working capital accounts.

c. find the net working capital for the years ending 2016

and 2017.

d. calculate the change in net working capital for the year

2017.

image text in transcribed

image text in transcribed

Balance sheet. From the following balance sheet accounts in the popup window, Data Table - X a. construct a balance sheet for 2016 and 2017. b. list all the working capital accounts. C. find the networking capital for the years ending 2016 and 2017. d. calculate the change in net working capital for the year 2017. (Click on the following icon in order to copy its contents into a spreadsheet.) a. construct a balance sheet for 2016 and 2017. Complete the balance sheet for 2016 below: (Round to the nearest dollar.) A Balance Sheet as of De ASSETS 2016 Balance Sheet Accounts of Athens Corporation Balance Balance Account 12/31/2016 12/31/2017 Accumulated depreciation $4.231 $4,859 Accounts payable $2.900 $3.214 Accounts receivable $3,153 $3,647 Cash $1,205 $1,493 Common stock $4,784 $7,278 Inventory $4,340 $5,163 Long-term debt $3.610 $2,435 Plant, property, and equipment $8.684 $9.834 Retained earnings $1,857 $2.351 Current assets $ $ Total current assets $ Fixed assets Print Done Total owners' equity Choose from any list or enter any number in the input fields and then click Check Answer. 5 parts remaining Clear All Check Balance sheet. From the following balance sheet accounts in the popup window. a. construct a balance sheet for 2016 and 2017 b. list all the working capital accounts. c. find the networking capital for the years ending 2016 and 2017. d. calculate the change in net working capital for the year 2017. a. construct a balance sheet for 2016 and 2017. Complete the balance sheet for 2016 below: (Round to the nearest dollar.) Athens Corporation Balance Sheet as of December 31, 2016, and December 31, 2017 2016 2017 LIABILITIES ASSETS 2016 2017 Current assets Current liabilities $ Total current liabilities Total current assets Total liabilities $ Fixed assets OWNERS' EQUITY Total owners' equity s TOTAL LIABILITIES AND TOTAL ASSETS OWNERS' EQUITY $ Choose from any list or enter any number in the input fields and then click Check Answer. 5 parts remaining Clear All Check

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding And Conducting Information Systems Auditing

Authors: Arif Ahmed, Veena Hingarh

1st Edition

1118343743, 978-1118343746

More Books

Students also viewed these Accounting questions

Question

What is the preferred personality?

Answered: 1 week ago

Question

What is the relationship between humans?

Answered: 1 week ago