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Inventory 6510 Common stock 44990 Cash 16520 Operating expenses 1400 Short-term notes payable 650 Interest expense 930 Depreciation expense 460 Sales 12720 Accounts receivable 9600

Inventory 6510
Common stock 44990
Cash 16520
Operating expenses 1400
Short-term notes payable 650
Interest expense 930
Depreciation expense 460
Sales 12720
Accounts receivable 9600
Accounts payable 4830
Long-term debt 54800
Cost of goods sold 5720
Buildings and equipment 122460
Accumulated depreciation 34130
Taxes 1420
General and administrative expense 810
Retained earnings ?

a.How much is the firm's net working capital?

The firm's net working capital is

$27,150

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Belmond, Inc.

Balance Sheet

Cash

$

16,520

Accounts Receivable

9,600

Inventories

6,510

Current Assets

$

32,630

Buildings and Equipment

$

122,460

Less: Accumulated Depreciation

34,130

Net Plant and Equipment

$

88,330

Total Assets

$

120,960

Complete the liabilities and owners' equity part of the balance sheet below:(Select from the drop-down menus and round to the nearest dollar.)

Belmond, Inc.

Balance Sheet (Cont'd)

Accounts Payable

$

4,830

Short-term Notes Payable

650

Current Liabilities

$

5,480

Long-term Debt

54,800

Total Liabilities

$

60,280

Common Stock

$

44,990

Retained Earnings

15,690

Owners' Equity

$

60,680

Total Liabilities and Owners' Equity

$

120,960

GIven all this information i find the returned earnings is equal to $15690, however i am unsure how to calculate this RE value given the data table resented.

I know RE = BRE + Net Income - dividends, but i do not know how to calculate BRE since it is not given.... please help!!

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