Question
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. |
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Balance Sheet |
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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. |
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Balance Sheet (Cont'd) |
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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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