Question

2 of 9 (1 complete) Score: 0 of 5 pts P2-1 (similar to) Balance sheet. From the following balance sheet accounts in the popup Window, Data Table a. construct a balance sheet for 2016 and 2017 b. list all the working capital accounts c. find the nel working capital for the years ending 2016 and 2017 d. calculate the change in networking capital for the year 2017 a, construct a balance sheet for 2016 and 2017 Complete the balance sheet for 2016 below. (Round to the nearest dollar) Roman Corporation Balance Sheet as of December 31, 2016, and December 31, 2017 ASSETS 2016 2017 LIABILITIES Current assets Current liabilities Total current liabilities Choose from any list or enter any number in the input fields and then click Check Answer

Answer 1

2016 2017 $1,807 $1,807 $2,055 $2,055 ROMAN CORPORATION Balance Sheet as of December 31, 2016 and December 31, 2017 ASSETS 2016 2017 LIABILITIES Current Assets: Current Liabilities: Cash $1,291 $1,126 Accounts payable Accounts receivable $2,476 $2,692 Total Current Liabilities Inventory $5,800 $6,039 Long-Term Liabilities: Total Current Assets $9,567 $9,857 Long-term debt Property, Plant & Equipment: Total Liabilities Property, plant & equipment $8,398 $9,199 STOCKHOLDERS' EQUITY Less: Accumulated depreciation $2,029 $2,679 Common Stock Property, Plant & Equipment, Net $6,369 $6,520 Retained Earnings Total Shareholders' Equity Total Assets $15,936 $16,377 Total Liabilities & Stockholders' equity $7,795 $9,602 $8,210 $10,265 $4,998 $1,336 $6,334 $15,936 $4,998 $1,114 $6,112 $16,377 b) List of working capital accounts: Current Liabilities: Accounts payable Current Assets: Cash Accounts receivable Inventory

c) Net working capital = Total current assets - Total current liabilities Total Current Assets Total Current Liabilities Net working capital 2016 $9,567 $1,807 $7,760 2017 $9,857 --> (a) $2,055 --> (b) $7,802 --> (a) - (b) d) Net working capital of 2016 Net working capital of 2017 Increase in net working capital $7,760 $7,802 $42 [$7802 - $7760]