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These problems are available in MyLab Finance. 1. Balance sheet. From the following balance sheet accounts, a. construct a balance sheet for 2016 and
These problems are available in MyLab Finance. 1. Balance sheet. From the following balance sheet accounts, a. construct a balance sheet for 2016 and 2017. b. list all the working capital accounts. c. find the net working capital for the years ending 2016 and 2017. d. calculate the change in net working capital for the year 2017. Balance Sheet Accounts of Roman Corporation Account Accumulated depreciation Accounts payable Accounts receivable Balance 12/31/2016 Balance 12/31/2017 $2,020 $2,670 $1,800 $2,060 $2,480 $2,690 Cash $1,300 $1,090 Common stock $4,990 $4,990 Inventory $5,800 $6,030 Long-term debt $7,800 $8,200 Plant, property, and equipment $8,400 $9,200 Retained earnings $1,370 $1,090 2. Income statement. From the following income statement accounts, a. produce the income statement for the year. b. produce the operating cash flow for the year. Income Statement Accounts for the Year Ending 2017 Account Cost of goods sold Balance Interest expense Taxes Revenue Selling, general, and administrative expenses Depreciation $345,000 $ 82,000 $ 2,000 $744,000 $ 66,000 $112,000 These problems are available in MyLab Finance. 1. Future values. Fill in the future values for the following table a. using the future value formula, FV = PV (1+r)". b. using the TVM keys or function from a calculator or spreadsheet. $ 400.00 $ 17,411.00 $35,000.00 $ 26,981.75 Present Value Interest Rate Number of Periods Future Value 5.0% 6.0% 5 30 10.0% 20 16.0% 15
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a Balance Sheet for 2016 Assets Cash 1300 Accounts Receivable 2480 Inventory 5800 Plant Property and ...Get Instant Access to Expert-Tailored Solutions
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