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a. How much is the firm's net working capital? b. Complete an income statement and a balance sheet for Belmond. c. If you were asked
a. How much is the firm's net working capital? b. Complete an income statement and a balance sheet for Belmond. c. If you were asked to respond to parts (a) and (b) as part of a training exercise, what could you tell your boss about the company's financial condition based on your answers? \begin{tabular}{lr} Inventory & 6,510 \\ Common stock & 44,930 \\ Cash & 16,530 \\ Operating expenses & 1,370 \\ Short-term notes payable & 550 \\ Interest expense & 880 \\ Depreciation expense & 500 \\ Sales & 12,700 \\ Accounts receivable & 9,560 \\ Accounts payable & 4,780 \\ Long-term debt & 54,840 \\ Cost of goods sold & 5,730 \\ Buildings and equipment & 121,590 \\ Accumulated depreciation & 33,930 \\ Taxes & 1,460 \\ General and administrative expense & 870 \\ Retained earnings & ? \\ \hline \end{tabular}
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