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 | 6,500 |
---|---|
Common stock | 44,950 |
Cash | 16,530 |
Operating expenses | 1,400 |
Short-term notes payable | 580 |
Interest expense | 950 |
Depreciation expense | 470 |
Sales | 12,750 |
Accounts receivable | 9,550 |
Accounts payable | 4,750 |
Long-term debt | 54,690 |
Cost of goods sold | 5,730 |
Buildings and equipment | 122,030 |
Accumulated depreciation | 34,310 |
Taxes | 1,440 |
General and administrative expense | 880 |
Retained earnings | ? |
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