17. Using the following balance sheet account information: a. construct balance sheets for 2019 and 2020....

 

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17. Using the following balance sheet account information: a. construct balance sheets for 2019 and 2020. b. find the net working capital for the years ending 2019 and 2020. c. calculate the change in net working capital for the year 2020. Account 2019 2020 Accumulated depreciation Accounts payable Accounts receivable 3,000 3,900 7,000 5,400 3,500 4,550 Cash 2,000 2,600 Common stock 2,000 2,001 Inventory 1,200 1,560 Long-term debt 4,000 6,000 Plant, property, and equipment 9,000 11,700 Retained earnings 1,600 5,010 17. Using the following balance sheet account information: a. construct balance sheets for 2019 and 2020. b. find the net working capital for the years ending 2019 and 2020. c. calculate the change in net working capital for the year 2020. Account 2019 2020 Accumulated depreciation Accounts payable Accounts receivable 3,000 3,900 7,000 5,400 3,500 4,550 Cash 2,000 2,600 Common stock 2,000 2,001 Inventory 1,200 1,560 Long-term debt 4,000 6,000 Plant, property, and equipment 9,000 11,700 Retained earnings 1,600 5,010

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Okay here are the answers a Balance Sheet for 2019 Assets Cash 2000 Accounts recei... View the full answer