Question
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
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?
SHEET
Inventory | 6,510 |
---|---|
Common stock | 45,100 |
Cash | 16,590 |
Operating expenses | 1,390 |
Short-term notes payable | 640 |
Interest expense | 930 |
Depreciation expense | 510 |
Sales | 12,830 |
Accounts receivable | 9,610 |
Accounts payable | 4,770 |
Long-term debt | 55,270 |
Cost of goods sold | 5,760 |
Buildings and equipment | 121,560 |
Accumulated depreciation | 34,020 |
Taxes | 1,400 |
General and administrative expense | 820 |
Retained earnings | ? |
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