Question
The following balances are taken from the books of Warner Company at the end of his first-year trading on 31 December 2019. ( please use
The following balances are taken from the books of Warner Company at the end of his first-year trading on 31 December 2019. ( please use your kayboard)
- Prepare income statement
- Prepare a balance sheet
- What is the firms net working capital?
- Interpret your findings.
| Salaries expense | 66,000 |
| Cash | 225,000 |
| Long-term debt | 334,000 |
| Sales | 573,000 |
| Accounts payable | 102,000 |
| Buildings and equipment | 895,000 |
| Short-term notes payable | 75,000 |
| Long-term notes payable | 46,400 |
| Accounts receivable | 153,000 |
| Interest expense | 4,750 |
| Utilities expenses | 7,900 |
| Common stock | 289,000 |
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Offshore Finance And State Power
Authors: Andrea Binder
1st Edition
0192870122, 978-0192870124
