January 2015
Beginner
480 pages
31h 42m
English
Content preview from Financial Management: Core Concepts, Third EditionBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Problems
These problems are available in MyFinanceLab.
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Balance sheet . From the following balance sheet accounts,
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construct a balance sheet for 2013 and 2014.
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list all the working capital accounts.
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find the net working capital for the years ending 2013 and 2014.
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calculate the change in net working capital for the year 2014.
Description
The table shows balance sheet accounts of Roman Corporation as of 12/31/2013 and 2014.
For 2013:
Accumulated depreciation: $2,020
Accounts payable: $1,800
Accounts receivable: $2,480
Cash: $1,300
Common stock: $4,990
Inventory: $5,800
Long-term debt: $7,800
Plant, property, and equipment: $8,400
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