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Homework: Assignment 2 Question 7, P3-12 (similar to) Part 1 of 5 HW Score: 21%, 21 of 100 points Points: 0 of 15 (Related
Homework: Assignment 2 Question 7, P3-12 (similar to) Part 1 of 5 HW Score: 21%, 21 of 100 points Points: 0 of 15 (Related to Checkpoint 3.2) (Review of financial statements) 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? a. How much is the firm's net working capital? The firm's net working capital is $. (Round to the nearest dollar.) Data table (Click on the icon in order to copy its contents into a spreadsheet.) Inventory 6,520 Common stock 44,970 Cash 16,550 Operating expenses 1,380 Short-term notes payable Interest expense Depreciation expense Sales Accounts receivable 580 910 490 12,710 9,560 Accounts payable Long-term debt 4,750 54,630 Cost of goods sold Buildings and equipment 5,790 122,020 Accumulated depreciation. Taxes 34,120 1,490 General and administrative expense 890 Retained earnings ? Save
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