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Roman Corporation Balance Sheet as of December 31, 2016, and December 31, 2017 ASSETS 2016 2017 LIABILITIES 2016 2017 Current assets Current liabilities S Total current liabilities Total current assets Total liabilities Fixed assets OWNERS EQUITY ter any number in the input fields and then click Check Answer
orking capital for the year 2017. Current assets mt sTotal current liabilities Total current assets Total liabilities Fixed assets OWNERS EQUITY Total owners equity TOTAL LIABILITIES AND ー|OWNERS EQUITY TOTAL ASSETS
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Answer #1
Roman Corporation
Balance Sheet
As of December 31, 2016, December 31, 2017
Assets 2016 2017 Liabilities 2016 2017
Current Assets Current Liabilities
Cash 1,291 1,190 Accounts Payable 1,799 2,061
Accounts Receivable 2,487 2,696 Total Current Liabilities 1,799 2,061
Inventory 5,799 6,038 Long-term Debt 7,795 8,207
Total Current Assets 9,577 9,924 Total Liabilities 9,594 10,268
Fixed Assets Owners' Equity
Plant property and equipment 8,395 9,205 Common Stock 4,981 4,981
Accumulated Depreciation (2,023) (2,674) Retained Earnings 1,374 1,206
Fixed Assets, net 6,372 6,531 Total Owners' Equity 6,355 6,187
Total Assets 15,949 16,455 Total Liabilities and Owners' Equity 15,949 16,455
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