Question
(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....
(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? Question content area bottom Part 1 a.How much is the firm's net working capital? The firm's net working capital is $ enter your response here. (Round to the nearest dollar.)
Inventory 6,470 Common stock 45,040 Cash 16,580 Operating expenses 1,320 Short-term notes payable 580 Interest expense 850 Depreciation expense 470 Sales 12,900 Accounts receivable 9,640 Accounts payable 4,820 Long-term debt 55,470 Cost of goods sold 5,760 Buildings and equipment 121,700 Accumulated depreciation 34,040 Taxes 1,500 General and administrative expense 880 Retained earnings ?
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