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 Balance 12/31/2016 Balance 12/31/2017 Accumulated Depreciation 2,020 2,670 Accounts Payable 1,800 2,060 Accounts Receivable 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
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 Balance 12/31/2016 Balance 12/31/2017 Accumulated Depreciation 2,020 2,670 Accounts Payable 1,800 2,060 Accounts Receivable 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
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter4: Completing The Accounting Cycle
Section: Chapter Questions
Problem 6PEB: Balance sheet data for Brimstone Company follows: a.Determine the working capital and current ratio...
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a. construct a balance sheet for 2016 and 2017.
b. list all the
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 | Balance 12/31/2016 | Balance 12/31/2017 |
| Accumulated |
2,020 | 2,670 |
| Accounts Payable | 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 |
| 1,370 | 1,090 |
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