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(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
(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? Data Table The firm's net working capital is $ (Round to the nearest dollar.) b. Complete an income statement and a balance sheet for Belmond. Complete the income statement below: (Select from the drop-down menus and round to the nearest dollar.) Belmond, Inc. Income Statement $ Gross Profit $ $ (Click on the icon in order to copy its contents into a spreadsheet.) Inventory 6,500 Common stock 45,040 Cash 16,530 Operating expenses 1,380 Short-term notes payable 630 Interest expense 910 Depreciation expense 490 Sales 12,770 Accounts receivable 9,570 Accounts payable 4,820 Long-term debt 55,440 Cost of goods sold 5,710 Buildings and equipment 121,690 Accumulated depreciation 34,140 Taxes 1,450 General and administrative expense 810 Retained earnings ? Net Operating Income $ Earnings before Taxes $ Net Income Choose from any list or enter any number in the input fields and then continue to the next question. Belmond, Inc. Balance Sheet $ Current Assets $ Net Plant and Equipment $ Total Assets $ Belmond, Inc. Balance Sheet (Cont'd) $ Current Liabilities $ Total Liabilities $ $ Owners' Equity $ positive Total Liabilities and Owners' Equity $ zero c. If you were asked to respond to parts (a) and (b) as part of a training exercise, what could you te negative the company's financial condition based on your answers? (Select from the drop-down menus.) The company is in a relatively short-term financial condition since the networking capital is
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