Question

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in order to copy its contents into a​ spreadsheet.)

Balance Sheet Accounts of Athens Corporation
Account	Balance ​12/31/2016	Balance ​12/31/2017
Accumulated depreciation	$4,232	$4,863
Accounts payable	$2,894	$3,205
Accounts receivable	$3,167	$3,640
Cash	$1,214	$1,490
Common stock	$4,781	$7,280
Inventory	$4,348	$5,166
​Long-term debt	$3,598	$2,437
​Plant, property, and equipment	$8,682	$9,850
Retained earnings	$1,906	$2,361

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.)

Athens Corporation
Balance Sheet as of December 31, 2016, and December 31, 2017
ASSETS	2016		2017		LIABILITIES	2016		2017
Current assets					Current liabilities
	$					$
	$				Total current liabilities	$
	$					$
Total current assets	$				Total liabilities	$
Fixed assets					OWNERS’ EQUITY
	$					$
	$					$
	$				Total owners’ equity	$
					TOTAL LIABILITIES AND
TOTAL ASSETS	$				OWNERS’ EQUITY	$

Answer 1

Solution:
a.	Balance Sheet
		2016	2017
	Assets
	Current Assets
A	Cash	1214	1490
B	Accounts Receivable	3167	3640
C	Inventory	4348	5166
D=A+B+C	Total Current Assets	8729	10296
	Long-Term Assets:
E	Plant, Prop. & Equip	8682	9850
F	Less: Accum. Depreciation	-4232	-4863
G=E-F	Net P P & E	4450	4987
H=D+G	Total Assets	13179	15283
	Liabilities
	Current Liabilities
I	Accounts Payable	2894	3205
	Long-Term Liabilities
J	Long-term Debt	3598	2437
K=I+J	Total Liabilities	6492	5642
	Owner’s Equity
L	Common Stock	4781	7280
M	Retained Earnings	1906	2361
N=L+M	Total Owner’s Equity	6687	9641
O=K+N	Total Liab. & O.E	13179	15283

b.	List of all working capital accounts
	Cash
	Accounts Receivable
	Inventory
	Accounts Payable
Notes:
	Working capital is computed as difference of current assets and current laibilities and current assets & liabilities are those assets and liabilities which have to paid/ receivable within next 12 months of balance sheet date.
c.
	net working capital

2016	5835
2017	7091
Notes:

	Net working capital is computed as difference between current assets and current laibilities . It computed to know how much net capital is invested by the company as working capital.

		2016	2017
A	Cash	1214	1490
B	Accounts Receivable	3167	3640
C	Inventory	4348	5166
D=A+B+C	Total Current Assets	8729	10296
	Current Liabilities
F	Accounts Payable	2894	3205
G=F	Current Liabilities	2894	3205
H=D-G	Net working capital	5835	7091
D.

	change in net working capital for the year 2017 is $ 1,256
	[increase in net working capital $1,256]
Notes:	change in net working capital for the year 2017
	=Net working capital 2017 - Net working capital 2016
	=7,091 - 5,835
	=1,256
	Please feel free to ask if anything about above solution in comment section of the question.