Question
Balance sheet . From the following balance sheet accounts, a. construct a balance sheet for 2013 and 2014. b. list all the working capital accounts.
Balance sheet. From the following balance sheet accounts,
a.construct a balance sheet for 2013 and 2014.
b.list all the working capital accounts.
c.find the net working capital for the years ending 2013 and 2014.
d.calculate the change in net working capital for the year 2014.
| Balance Sheet Accounts of Roman Corporation | ||
|---|---|---|
| Account | Balance 12/31/2013 | Balance 12/31/2014 |
| Accumulated depreciation | $2,020 | $2,670 |
| Accounts payable | $1,800 | $2,060 |
| Accounts receivable | $2,480 | $2,690 |
| Cash | $1,300 | $1,090 |
| Common stock | $4,990 | $4,990 |
| Inventory | $5,800 | $6,030 |
| Long-term debt | $7,800 | $8,200 |
| Plant, property, and equipment | $8,400 | $9,200 |
| Retained earnings | $1,370 | $1,090 |
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