Retained Earnings Cash Accounts Receivable Inventory Net Fixed Assets Total Assets Accounts Payable Long-term Debt Common Stock Balance Sheet Accumulated Retained Earnings Total Liabilities & Shareholders' Equity $ 200,884 End of 2023 Beginning of 2023 $ 280,000 $ $ 50,000 $ $ 188,000 $ $630,000 $ $1,148,000 $ $ 158,000 $ $ 14,116 $ $375,000 $ $ 600,884 $ $1,148,000 $ 122,000 22,300 119,000 630,000 893,300 71,800 121,500 300,000 400,000 893,300

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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2023 Income Statement
Sales
Cost of Goods Sold
Depreciation Expense
Earnings before Interest and Taxes
Interest Expense
Taxable income
Tax Expense
Net Income
Dividends Paid
Retained Earnings
Cash
Accounts Receivable
Inventory
Net Fixed Assets
Total Assets
Balance Sheet
Accounts Payable
Long-term Debt
Common Stock
Accumulated Retained Earnings
Total Liabilities & Shareholders' Equity
$ 770,000
$ 340,000
$ 95,000
$335,000
$ 19,800
$ 315,200
$ 104,016
$ 211,184
$
10,300
$ 200,884
End of 2023 Beginning of 2023
$ 280,000 $
$ 50,000 $
$ 188,000 $
$630,000 $
$1,148,000 $
$ 158,000 $
$ 14,116 $
$ 375,000 $
$ 600,884 $
$1,148,000 $
122,000
22,300
119,000
630,000
893,300
71,800
121,500
300,000
400,000
893,300
Consider the financial statements displayed above. Based on these statements, calculate the firm's net working capital as of the
end of 2023.
Transcribed Image Text:2023 Income Statement Sales Cost of Goods Sold Depreciation Expense Earnings before Interest and Taxes Interest Expense Taxable income Tax Expense Net Income Dividends Paid Retained Earnings Cash Accounts Receivable Inventory Net Fixed Assets Total Assets Balance Sheet Accounts Payable Long-term Debt Common Stock Accumulated Retained Earnings Total Liabilities & Shareholders' Equity $ 770,000 $ 340,000 $ 95,000 $335,000 $ 19,800 $ 315,200 $ 104,016 $ 211,184 $ 10,300 $ 200,884 End of 2023 Beginning of 2023 $ 280,000 $ $ 50,000 $ $ 188,000 $ $630,000 $ $1,148,000 $ $ 158,000 $ $ 14,116 $ $ 375,000 $ $ 600,884 $ $1,148,000 $ 122,000 22,300 119,000 630,000 893,300 71,800 121,500 300,000 400,000 893,300 Consider the financial statements displayed above. Based on these statements, calculate the firm's net working capital as of the end of 2023.
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