A scrambled list of accounts from the income statement and balance sheet of Belmond, Inc. is found here:

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?

Inventory Common stock Cash Operating expenses Short-term notes payable Interest expense Depreciation expense Sales Accounts receivable Accounts payable Long-term debt Cost of goods sold Buildings and equipment Accumulated depreciation Taxes General and administrative expense Retained earnings 6,550 44,950 16,500 1,350 620 870 490 12,720 9,640 4,770 54,970 5,750 122,000 34,170 1,500 800