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Balance Sheet Accounts of Roman Corporation Account Balance ​12/31/20162016 Balance ​ 12/31/20172017 Accumulated depreciation   $ 2...

Balance Sheet Accounts of Roman Corporation

Account

Balance

​12/31/20162016

Balance

​ 12/31/20172017

Accumulated depreciation  

$ 2 comma 026$2,026

$ 2 comma 674$2,674

Accounts payable  

$ 1 comma 793$1,793

$ 2 comma 062$2,062

Accounts receivable  

$ 2 comma 478$2,478

$ 2 comma 688$2,688

Cash  

$ 1 comma 290$1,290

$ 1 comma 088$1,088

Common stock  

$ 4 comma 999$4,999

$ 4 comma 999$4,999

Inventory  

$ 5 comma 807$5,807

$ 6 comma 038$6,038

​Long-term debt  

$ 7 comma 805$7,805

$ 8 comma 191$8,191

​Plant, property, and equipment

$ 8 comma 402$8,402

$ 9 comma 194$9,194

Retained earnings

$ 1 comma 354$1,354

$ 1 comma 082$1,082

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 year2017.

Roman Corporation

Solutions

Expert Solution

jeff jeffy answered 7 months ago
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