(Related to Checkpoint 3.2) (Review of financial statements) A scrambled list of accounts from the income...

  

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(Related to Checkpoint 3.2) (Review of financial statements) A scrambled list of accounts from the income statement and balance sheet of Belmond, Inc. is found here: a. How much is the firm's net working capital? b. Complete an income statement and a balance sheet for Belmond. c. If you were asked to respond to parts (a) and (b) as part of a training exercise, what could you tell your boss about the company's financial condition based on your answers? (Click on the icon in order to copy its contents into a spreadsheet. Inventory Common stock Cash Operating expenses Short-term notes payable Interest expense Depreciation expense Sales Accounts receivable Accounts payable Long-term debt Cost of goods sold Buildings and equipment Accumulated depreciation Taxes General and administrative expense Retained earnings 6,510 44,940, 16,600 1,350 550 880 490 12,880 9,570 4,760 55,270 5,800 121,830 33,680 1,480 800 ? (Related to Checkpoint 3.2) (Review of financial statements) A scrambled list of accounts from the income statement and balance sheet of Belmond, Inc. is found here: a. How much is the firm's net working capital? b. Complete an income statement and a balance sheet for Belmond. c. If you were asked to respond to parts (a) and (b) as part of a training exercise, what could you tell your boss about the company's financial condition based on your answers? (Click on the icon in order to copy its contents into a spreadsheet. Inventory Common stock Cash Operating expenses Short-term notes payable Interest expense Depreciation expense Sales Accounts receivable Accounts payable Long-term debt Cost of goods sold Buildings and equipment Accumulated depreciation Taxes General and administrative expense Retained earnings 6,510 44,940, 16,600 1,350 550 880 490 12,880 9,570 4,760 55,270 5,800 121,830 33,680 1,480 800 ?

Answer rating: 100% (QA)

1 a Particulars 2 Cash 3 Accounts receivable 4 Inventory 5 Total current assets 6 Accounts payable 7 ... View the full answer