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Inventory 6,500 Common stock 44,940 Cash 16,550 Operating expenses 1,390 Short-term notes payable 620 Interest expense 920 Depreciation expense 500 Sales 12,740 Accounts receivable
Inventory 6,500 Common stock 44,940 Cash 16,550 Operating expenses 1,390 Short-term notes payable 620 Interest expense 920 Depreciation expense 500 Sales 12,740 Accounts receivable 9,610 Accounts payable Long-term debt 4,750 55,170 Cost of goods sold Buildings and equipment Accumulated depreciation Taxes 5,730 122,380 34,430 1,480 General and administrative expense Retained earnings 810 ? 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?
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