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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.

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.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Balance Sheet Accounts of Roman Corporation Balance 12/31/2016 Account Accumulated depreciation Accounts payable Accounts receivable Cash Common stock Inventory Long-term debt Plant, property, and equipment Retained earnings $2,024 $1,792 $2,481 $1,309 $4,984 $5,796 $7,800 $8,395 $1,381 Balance 12/31/2017 $2,664 $2,069 $2,692 $1,116 $4,984 $6,032 $8,194 $9,204 $1,133
Transcribed Image Text:Balance Sheet Accounts of Roman Corporation Balance 12/31/2016 Account Accumulated depreciation Accounts payable Accounts receivable Cash Common stock Inventory Long-term debt Plant, property, and equipment Retained earnings $2,024 $1,792 $2,481 $1,309 $4,984 $5,796 $7,800 $8,395 $1,381 Balance 12/31/2017 $2,664 $2,069 $2,692 $1,116 $4,984 $6,032 $8,194 $9,204 $1,133
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. a. construct a balance sheet for 2016 and 2017. Complete the balance sheet for 2016 below: (Round to the nearest dollar.) ASSETS Current assets Cash Accounts receivable Inventory Roman Corporation Balance Sheet as of December 31, 2016, and December 31, 2017 2016 2017 LIABILITIES Total current assets Fixed assets Accumulated depreciation (-) TOTAL ASSETS GA $ $ GA GA GA GA LA Current liabilities Total current liabilities Total liabilities OWNERS' EQUITY Total owners' equity TOTAL LIABILITIES AND OWNERS' EQUITY GA A GA GA 2016 2017
Transcribed Image Text: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. a. construct a balance sheet for 2016 and 2017. Complete the balance sheet for 2016 below: (Round to the nearest dollar.) ASSETS Current assets Cash Accounts receivable Inventory Roman Corporation Balance Sheet as of December 31, 2016, and December 31, 2017 2016 2017 LIABILITIES Total current assets Fixed assets Accumulated depreciation (-) TOTAL ASSETS GA $ $ GA GA GA GA LA Current liabilities Total current liabilities Total liabilities OWNERS' EQUITY Total owners' equity TOTAL LIABILITIES AND OWNERS' EQUITY GA A GA GA 2016 2017
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