cir Caraway's currell HD (notes payable), what is the firm's net working capital? 7. A...
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cir Caraway's currell HD (notes payable), what is the firm's net working capital? 7. A scrambled list of accounts from the income statement and balance sheet of Belmond, Inc. is found below Belmond, Ing. Balance Sheet 16.610 Cash 9.500 Belmond, Inc. Accounts Receivable Inventories 6.550 Income Statement Current Assets 32.66O $ Revenues 12,720 Buildings and Equipment 122,040 5,760 LOS: Accumulated Depreciation -34.120 Cost of Goods Sold 6,960 Not Piant and Equipment 87,020 Gross Profit Total Assets 120,670 1,380 Operating Expenses Depreciation Expense 520 Accounts Payable 4,850 General and Administrative Expense 860 Short-term Notes Payable 620 Current Liabilities 4,200 6,470 Net Operating Income Long-term Debt 55,260 870 Interest Expense Total Liabilities 60,730 Earnings before Taxes 3,330 Common Stock 45,080 Retained Earnings 1,400 Income Taxes 14.760 Owners' Equity Net Income 1,930 59,840 Total Liabilities and Owners' Equity 120,670 a. How much is the fimm s net working Capital? b. Complete an income statement and a balance sheet for Belmond. c. If you were 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 answers
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