Question

Balance sheet. From the following balance sheet accounts in the popup window, a. construct a balance sheet for 2016 and 2017 b. list all the working capital accounts c. find the net working capital for the years ending 2016 and 2017 d. calculate the change in net working 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 2017 LIABILITIES x Data Table ASSETS 2016 2016 2017 Current assets Current liabilities IS $ (Click on the following icon in order to copy its contents into a spreadsheet.) $ Total current liabilities $ $ $ Total current assets Total liabilities $ Fixed assets OWNERS' EQUITY IS Ils Balance Sheet Accounts of Roman Corporation Balance Balance Account 12/31/2016 12/31/2017 Accumulated depreciation $2,018 $2,675 Accounts payable $1,804 $2,060 Accounts receivable $2,478 $2,695 Cash $1,306 $1,151 Common stock $4.997 $4.997 Inventory $5,806 $6,022 Long-term debt $7,791 $8,205 Plant, property, and equipment $8,406 $9.196 Retained earnings $1,386 $1,127 IS Total owners' equity TOTAL LIABILITIES AND OWNERS' EQUITY TOTAL ASSETS Print Done

Answer 1

Answer → Q. Construct a balance sheet for 2013 and 2017. b. list all the working capital account C. find the net working capital for the years ending 2016 and 2017 d. calculate the change in net working capital for the year 2017, -->a. Construct a balance sheet for 2016 and 2017 Roman Corporation Balance sheet as of December 31, 2016 and December 31, 2017 ASSETS 2016 2017 LIABILITES 2016 2017 $1151 Current assets Current liabilities Accounts receivable |$2478 $2695 Accounts payable $1804 $2060 cash $1306 Non current Inventory $7791 $8205 $5806 $6022 Liabilities Long term debt Total liabilities $9595 $10265 Total current assets |$9590 $9868 OWNERS' EQUITY Fixed assets Commonstock $4997 | $4997 Retained earning $1386 $1127 tess: Accumulated depreciation $(2018) $2675 Total ownerslequity $6383 Total fixed assets TOTAL TOTALASSETS $15978 $ 16389 LIABILITES AND OWNERS' EQUITY plant, property and equipment $8406 $ 9196 $6124 $6338 $6521 |$15978 | $16389

-> . list all the working capital accounts. Working capital accounts are those accounts which showing day to day business operationsof any entity. There are list of all working capital accounts: Accounts receivable Cash ® Inventory 6 Accounts payable > c. find the net working capital for the years ending 2016 and 2017. - Net Working capital = (current assets - Current liabilities, current assets - 2016 2017 Cash $1306 $1151 $2695 Accounts receivable $2478 Inventory Current assets $5806 $9590 $ 6022 $9868 2016 2017 Current liabilities : Accounts payable $ 1804 $2060 Current liabilities $1804 $2060

$ 9590 - $ 1804 → Networking capital for 2016 = $7786 for 2017 Networking capital = ($9868 - $2060) = $7808 working capital for the years ending 2016 and 2017 is $7786 and $7808. Therefore, The net worl

> d. calculate the change in net working capital for the year 2017.: Net Working Capital for 2017 $ 7808 less Net Working capital for 2016 $ 7786 Change capital for 2017 $22 Therefore, The Change in net working capital for the year is $22 in networking 2017