From the balance sheet accounts listed below: a. Construct a balance sheet for 2010 and 2011. b.
Question:
From the balance sheet accounts listed below:
a. Construct a balance sheet for 2010 and 2011.
b. List all the working capital accounts.
c. Find the net working capital for the years ending 2010 and 2011.
d. Calculate the change in net working capital for the year2011.
Transcribed Image Text:
Balance Sheet Accounts of Roman Corporation Account Accumulated Depreciation Accounts Pavable Accounts Receivable Cash Common Stock Inventorv Long-Term Debt Plant, Property & Equipment Retained Eamings Balance 12/31/2010 S2,020 $1,800 S2,480 S1,300 S4,990 $5,800 $7.800 $8,400 S1,370 Balance 12/31/2011 S2,670 $2,060 S2,690 $1,090 S4,990 $6,030 S8,200 $9,200 S1,090
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (16 reviews)
a The Balance Sheets for the two years are Assets 2010 2011 Current Assets Cash 1300 1090 Accounts R...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Finance questions
-
The following data were taken from the balance sheet accounts of Symbol Two Corporation on June 30, 2014. Current assets ............ $125,000 Investments ............ 365,000 Common stock (par value...
-
The following data were taken from the balance sheet accounts of Bedard Corporation on December 31, 2012: Current assets........... $1,040,000 Investmentstrading ................. 824,000 Common...
-
The following information comes from the balance sheet of Nordstrom, Inc.: 1. Calculate the debt-to-equity ratio for the years shown. 2. Who would be interested in this information and why? 3....
-
e) Based on your investigation of the data set create two well-formatted tables that illustrate some important features of the data. Your tables should have informative labels and a readable number...
-
Consider the functions f (x) = e2x and g(x) = x3 + 1. a. Find the inverses of f and g, and use these to find when f (x) = 2 and when g(x) = 2. b. Find f g and g f and evaluate each at x = 2. c....
-
Nick is married and has three children in college. His wife is a homemaker. Nick has an adjusted gross income of $ 37,400. If Nicks standard deduction is $ 11,900, his itemized deductions are $...
-
The operating processes of a spark-ignition engine can be represented by the Otto cycle, which is internally reversible and gives a thermal efficiency of \[\eta_{\text {Otto...
-
Dot and Ken Ice Cream uses a mixing department and a freezing department in producing its ice cream. Its process-costing system in the mixing department has two direct materials cost categories (ice...
-
How does manipulating the ads text length affect the average amount of time a user spends on the landing page?
-
a. Draw a UML class diagram that describes the Tablet Store's purchases and payments process. b. Using Microsoft Access, implement a relational database from your UML class diagram. Identify at least...
-
Why do financial notes accompany the annual report? Give an example of a financial note from an annual report.
-
From the income statement accounts on the next page: a. Produce the income statement for the year b. Produce the operating cash flow for the year Income Statement Accounts For the Year Ending 2011...
-
Avis, Inc., has reported that its fleet consists of 200,000 vehicles. If the vehicles are independent in terms of accident incidence and each has a 0.99999 chance of making it through the year...
-
WBE Corp. manufactures a wide range of equipment. The company's biggest seller is the Whatchamacallit, which sells for $4,530 each. Starting in 2023 each Whatchamacallit now carries with it a...
-
For the traffic network shown in the figure to the right, the total demand from A to E is 8 flow units and from C to E is 10 flow units. Determine the link flows, link travel times, path flows and...
-
Prove that (8jAB) = gij St SA BJ + Bij 8BJ 8t A
-
The nominal accounts of San Antonio Clinic for the year ended December 2022 are listed below in alphabetical order: Depreciation expense Supplies Interest expense Contributions (from philanthropic...
-
When the 5-kg box reaches point A it has a speed VA 11 m/s. Neglect friction and the size of the box. (Figure 1) Figure 9m B 9 m y = x -x1/2 + y/2=3 A 1 of 1 Determine how high the box reaches up the...
-
I roll a die 18 times. What is the probability that each number appears exactly 3 times?
-
On January 2, 20X3, Sheldon Bass, a professional engineer, moved from Calgary to Edmonton to commence employment with Acco Ltd., a large public corporation. Because of his new employment contract,...
-
Menu-driven interfaces, although older than GUI interfaces, are still very common. What type of user dialogue strategy does a menu-driven interface employ? What is the main difference between...
-
Explain why the real interest rate is the reward for saving.
-
What does the amortization schedule tell you about a loan repayment?
-
What does it mean that the current principal balance of a loan being repaid as an amortized loan is the present value of the future payment stream?
-
Think back to a job situation in which your manager took action to reprimand, redirect, or reinforce your performance. 1. What did you do, and how was that behavior perceived by your manager? Was the...
-
Takeaways from the following each articles:- 1. "The Case for AI Insurance," by R. S. Siva Kumar and Frank Nagle, Harvard Business Review , April 29 2020. 2. "AI is Changing Work - and Leaders Need...
-
Can you discuss the security features and mechanisms implemented in advanced operating systems to protect against various threats, including privilege escalation, malware, and denial-of-service...
Study smarter with the SolutionInn App