Question
Balance sheet. From the following balance sheet accounts in the popup window, LOADING... , a. construct a balance sheet for 2013 and 2014. b. list
Balance sheet.From the following balance sheet accounts in the popup window,
LOADING...
,
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.
ccount
Balance
12/31/2013
Balance
12/31/2014
Accumulated depreciation
$ 2 comma 019$2,019
$ 2 comma 674$2,674
Accounts payable
$ 1 comma 809$1,809
$ 2 comma 060$2,060
Accounts receivable
$ 2 comma 487$2,487
$ 2 comma 688$2,688
Cash
$ 1 comma 303$1,303
$ 1 comma 162$1,162
Common stock
$ 4 comma 998$4,998
$ 4 comma 998$4,998
Inventory
$ 5 comma 807$5,807
$ 6 comma 029$6,029
Long-term debt
$ 7 comma 790$7,790
$ 8 comma 200$8,200
Plant, property, and equipment
$ 8 comma 393$8,393
$ 9 comma 200$9,200
Retained earnings
$ 1 comma 374$1,374
$ 1 comma 147$1,147
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started