Question
a scrambled list of accounts from the income statement and balance sheet of Belmond, Inc. is found here. inventory $6,450 , common stock 44,900 ,
a scrambled list of accounts from the income statement and balance sheet of Belmond, Inc. is found here.
inventory $6,450 , common stock 44,900 , cash 16,540, operating expenses 1,330 , short-term notes payable 600, interest expense 920 , depreciation expense 540 , sales 12,830 , accounts receivable 9,580 , accounts payable 4,770 , long-term debt 55,230 , cost of goods sold 5,790 , buildings and equipment 122,110 , accumulated depreciation 34, 370 , taxes 1,460 , general and administrative expense 870 , retained earnings ?
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 excercise, what could you tell your boss about the company's financial condition based on your answers?
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