MGMT 5123 Week 1 MyFinanceLab Assignment
P3-12 (Review of Financial Statements) A scrambled list of accounts from the income statement and balance sheet of Belmond, Inc
| Inventory | 6,520 |
| Common Stock | 45,050 |
| Cash | 16,570 |
| Operating Expense | 1,330 |
| Short-term notes payable | 590 |
| Interest expense | 870 |
| Depreciation expense | 490 |
| Sales | 12,850 |
| Accounts Receivable | 9,610 |
| Accounts Payable | 4,800 |
| Long-term debt | 54,560 |
| Cost of goods sold | 5,750 |
| Buildings and equipments | 121,610 |
| Accumulated depreciation | 34,150 |
| Taxes | 1,480 |
| General and Administrative expenses | 850 |
| Retained Earnings | ? |
- How much is firm’s net working capital?
- Complete an income statement and a balance sheet for Belmond.
- If you are 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 answer?
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Course: MGMT 5123 Finance & Accounting for Non Finance Managers
School: Southern Wesleyan University
- 17/10/2017
- 15