Balance Sheet. From the following balance sheet accounts,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 CorporationAccountBalance 12/31/2016Balance 12/31/2017Accumulated Depreciation2,0202,670Accounts Payable1,8002,060Accounts Receivable2,4802,690Cash1,3001,090Common Stock4,9904,990Inventory5,8006,030Long-Term Debt7,8008,200Plant, Property, and Equipment8,4009,200Retained Earnings1,3701,090

Net Capital refers to the form of measuring the liquidity of a broker dealer. All broker dealers are…

Answered: Balance Sheet. From the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

100%

Balance Sheet. From the following balance sheet accounts,

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
Account	Balance 12/31/2016	Balance 12/31/2017
Accumulated Depreciation	2,020	2,670
Accounts Payable	1,800	2,060
Accounts Receivable	2,480	2,690
Cash	1,300	1,090
Common Stock	4,990	4,990
Inventory	5,800	6,030
Long-Term Debt	7,800	8,200
Plant, Property, and Equipment	8,400	9,200
Retained Earnings	1,370	1,090

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions