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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: 1. How much is the firm's net working capital? . Complete an income statement and a balance sheet for Belmond. . 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? 1. How much is the firm's net working capital? The firm's net working capital is $ (Round to the nearest dollar.) . 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 $ Net Operating Income Earnings before Taxes Net Income Complete the assets part of the balance sheet below: (Select from the drop-down menus and round to the nearest dollar.) Belmond, Inc. Balance Sheet $ Current Assets $ $ Net Plant and Equipment $ $ Total Assets 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) $ Current Liabilities $ Total Liabilities 0 0 Owners' Equity $ Total Liabilities and Owners' Equity 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? (Select from the drop-down menus.) The company is in a relatively short-term financial condition since the net working capital is - Data table (Click on the icon in order to copy its contents into a spreadsheet.) Inventory 6,530 Common stock 45,010 Cash 16,520 Operating expenses 1,330 Short-term notes payable 580 Interest expense 880 Depreciation expense 490 Sales 12,750 Accounts receivable 9,610 Accounts payable 4,790 Long-term debt 55,430 Cost of goods sold 5,730 Buildings and equipment 122,470 Accumulated depreciation 33,600 Taxes 1,420 General and administrative expense 850 Retained earnings
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