From the following balance sheet accounts: a. Construct a balance sheet for 2013 and 2014 b. List
Question:
From the following balance sheet accounts:
a. Construct a balance sheet for 2013 and 2014
b. List all the working capital accounts
c. Find the net working capital for the years ending 2013 and 2014
d. Calculate the change in net working capital for the year 2014.
Transcribed Image Text:
Balance Sheet Accounts of Athens Corporation Balance 12/31/2014 $4,866 Account Balance 12/31/2013 $4,234 Accumulated Depreciation Accounts Payable $2,900 $3,160 $1,210 $3,210 Accounts Receivable $1,490 Cash $4,778 $4,347 Common Stock $7,278 $5,166 $2,430 $9,840 Inventory Long-Term Debt Plant, Property & Equipment Retained Earnings $8,675 $1,880 $2,356
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 46% (13 reviews)
a The Balance Sheets for the two years are Assets 2013 2014 Current Assets Cash 1210 1490 Accounts R...View the full answer
Answered By
Shebla K
I am an MBA graduate having experience as an Assistant Professor at University level for two years. I always prepare well for a class as I believe that only if you become an ocean you can give a bucket of water. Being a teacher was not only my profession but also my passion.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Financial Accounting questions
-
The following balance sheet accounts (in millions of dollars) have been taken from the annual report for a U.S. bank. Arrange the accounts in balance sheet order and determine the value of total...
-
1. Balance sheet. From the following balance sheet accounts in the popup window, a. construct a balance sheet for 2016 and 2017. b. list all the working capital accounto. e. find the net working...
-
The following balance sheet (prepared according to IFRS) was taken from the 2008 annual report of GlaxoSmithKline, a British pharmaceutical company (British pounds in millions). REQUIRED: Identify...
-
A ball is located 8 0 m above the sea level. Its initial velocity is 1 0 0 m/s and the angle between the horizontal is 37 degrees. How long will it take for the ball to hit the surface? g=9.8m/s 2
-
In Figure force F is applied to a crate of mass m on a floor where the coefficient of static friction between crate and floor is ?s. Angle ? is initially 0o but is gradually increased so that the...
-
Contrast the properties you would expect in a soil with either a very high K value or a very low K value.
-
How does encapsulation protect business rules from unauthorized access and manipulation?
-
Who should be responsible for protecting Internet users personal information? In your response, please address the appropriate role of the government, business, and individuals.
-
How do you determine an employee's emotional stability to things like stress in the workplace? Is this ability learned by you do you think it is something you were born with?
-
Allie has bought a new apple orchard. The orchard has a single file of trees, numbered from 1 to N. Each tree has a certail number of ripe apples. Allie has a rule she wants to follow. She wants to...
-
From the income statement accounts below: a. Produce the income statement for the year b. Produce the operating cash flow for the year Income Statement Accounts for the Year Ending 2014 Cost of Goods...
-
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 2014 Cost of...
-
Suppose a 5 x 8 matrix A has five pivot columns. Is Col A = R 5 ? Is Nul A = R 3 ? Explain your answers.
-
What are the common and unique features of six types of Gen IV reactors?
-
Name the three principle actors who determine the money supply.
-
What are the features that foster to innovate over Gen \(\mathrm{III} / \mathrm{III}^{+}\)reactors and what new goals are specified for Gen IV reactors?
-
An article in the Wall Street Journal argues that for investors to continue to see banks as good investments, the banks need an ROE of at least 12%. The average ROE for U.S. banks in 2012 was only...
-
Major change in the design of light and heavy water reactors to achieve design characteristics of SMRs.
-
Information related to plant assets, extractable natural resources, and intangibles at the end of 2020 for Loomis Energy is as follows: buildings 1,300,000, accumulated depreciation buildings...
-
AB CORPORATION ISSUED THE FOLLOWING 850 COMMON STOCKS PAR VALUE P100 750 PARTICIPATING PREFERRED STOCKS PAR VALUE P100 AT 3% AB CORPORATION DECLARED P100,000.00 DIVIDEND IN 2022.
-
Fill in the interest rate for the following table a. Using the interest rate formula, r = (FV/PV)1/n 1 b. Using the time value of money keys or function from a calculator orspreadsheet. | Present...
-
Keiko is looking at the following investment choices and wants to know what interest rate each choice produces. a. Invest $400 and receive $786.86 in ten years. b. Invest $3,000 and receive...
-
Two mutual fund managers, Martha and David, have been bragging about whose fund is the top performer? Martha states that investors bought shares in her mutual fund ten years ago for $21.00 and those...
-
1. Develop a definition for the Triple C model of project management. 2. List some of the factors that can impede the flow of information for project planning purposes. How can these factors be...
-
The Meat Mart has $900,000 in net income. The firm has 200,000 shares of stock outstanding. The market price per share is $76. What is the PE (price to earnings) ratio?
-
Cost of Goods Manufactured for a Manufacturing Company The following information is available for Fuller Manufacturing Company for the month ending January 31: Cost of direct materials used in...
Study smarter with the SolutionInn App