Question
Balance Sheet. From the following balance sheet accounts, a. construct a balance sheet for 2016 and 2017. b. list all the working capital accounts. c.
Balance Sheet. From the following balance sheet accounts,
a. construct a balance sheet for 2016 and 2017.
b. list all the working capital accounts.
c. find the net working capital for the years ending 2016 and 2017.
d. calculate the change in net working capital for the year 2017.
| Balance Sheet Accounts of Roman Corporation | ||
| Account | Balance 12/31/2016 | Balance 12/31/2017 |
| 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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Primary Science Audit And Test
Authors: Jenny Byrne, Andri Christodoulou, John Sharp
4th Edition
1446282732, 978-1446282731
