(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:

LOADING...

.

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?

The firm's net working capital is

$nothing.

(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	$
	$
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	$
	$
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

good

bad

short-term financial condition since the net working capital is

negative

positive

zero

.

Choose from any list or enter any number in the input fields and then continue to the next question.

(Click on the icon in order to copy its contents into a spreadsheet.) Inventory 6,530 Common stock 45,080 Cash 16,590 Operating expenses 1,300 Short-term notes payable 630 Interest expense 850 Depreciation expense 540 Sales 12,770 Accounts receivable 9,590 Accounts payable 4,820 Long-term debt 55,050 Cost of goods sold 5,720 Buildings and equipment 121,580 Accumulated depreciation 34,300 Taxes 1,420 General and administrative expense 850 Retained earnings