MGMT 5123 Week 1: A scrambled list of accounts from the income statement and balance sheet of Belmond, Inc

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 ?
  1. How much is firm’s net working capital?
  2. Complete an income statement and a balance sheet for Belmond.
  3. 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?

Click here to Find all Assignments for MGMT 5123 Course Didn’t find your answers? Don’t worry we are here to help you! Ask Questions

Course: MGMT 5123 Finance & Accounting for Non Finance Managers
School: Southern Wesleyan University

  • : 17/10/2017
  • : 15