Don't answer by pen paper and don't use chatgpt otherwise we will give dounvote 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. Balance Sheet Accounts of Roman CorporationBalance12/31/2016$2,014$1,806$2,476$1,297$4,982$5,795$7,796AccountAccumulated depreciationAccounts payableAccounts receivableCashCommon stockInventoryLong-term debtPlant, property, and equipmentRetained earnings$8,398$1,368Balance12/31/2017$2,676$2,060$2,691$1,180$4,982$6,025$8,198$9,208$1,188

BALANCE SHEET Balance sheet is one of the important financial statements of the company. Balance…

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. 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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Don't answer by pen paper and don't use chatgpt otherwise we will give dounvote

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.

Balance Sheet Accounts of Roman Corporation
Balance
12/31/2016
$2,014
$1,806
$2,476
$1,297
$4,982
$5,795
$7,796
Account
Accumulated depreciation
Accounts payable
Accounts receivable
Cash
Common stock
Inventory
Long-term debt
Plant, property, and equipment
Retained earnings
$8,398
$1,368
Balance
12/31/2017
$2,676
$2,060
$2,691
$1,180
$4,982
$6,025
$8,198
$9,208
$1,188

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