Laurel Hansen

Business

10 February, 02:31

Balance sheet. From the following balance sheet accounts,

a. construct a balance sheet for 2013 and 2014.

b. list all the working capital accounts.

c. find the net working capital for the years ending 2013 and 2014.

d. calculate the change in net working capital for the year 2014.

Balance Sheet Accounts of Roman Corporation

Account

Balance 12/31/2013

Balance 12/31/2014

Accumulated depreciation

$2,020

$2,670

Accounts payable

$1,800

$2,060

Accounts receivable

$2,480

$2,690

Cash

$1,300

$1,090

Common stock

$4,990

$4,990

Inventory

$5,800

$6,030

Long-term debt

$7,800

$8,200

Plant, property, and equipment

$8,400

$9,200

Retained earnings

$1,370

$1,090