Question
(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
(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?
Inventory 6,490 Common stock 44,910 Cash 16,550 Operating expenses 1,330 Short-term notes payable 630 Interest expense 890 Depreciation expense 550 Sales 12,870 Accounts receivable 9,600 Accounts payable 4,770 Long-term debt 55,250 Cost of goods sold 5,700 Buildings and equipment 122,400 Accumulated depreciation 33,960 Taxes 1,440 General and administrative expense 880 Retained earnings ?
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