Question

Click on the following icon

  

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

Balance Sheet Accounts of Roman Corporation
Account	Balance ​12/31/2016	Balance ​ 12/31/2017
Accumulated depreciation	$2,030	$2,668
Accounts payable	$1,797	$2,070
Accounts receivable	$2,479	$2,690
Cash	$1,307	$1,095
Common stock	$4,990	$4,990
Inventory	$5,807	$6,038
​Long-term debt	$7,799	$8,192
​Plant, property, and equipment	$8,407	$9,195
Retained earnings	$1,384	$1,098

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
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	$

Choose from any list or enter any number in the input fields and then click Check Answer.

Answer 1

b. list all the working capital accounts.

Current Assets - Cash, Accounts Receivable, Inventory

Current Liability - Accounts payable

c. find the net working capital for the years ending 2016 and 2017.

Net Working capital 2016 = Current Assets 2016 - Current Liabilities 2016

Net Working capital 2016 = 9593 - 1797

Net Working capital 2016 = $7796

Net Working capital 2017 = Current Assets 2017 - Current Liabilities 2017

Net Working capital 2017 = 9823 - 2070

Net Working capital 2017 = $7753

d. calculate the change in net working capital for the year 2017.

change in net working capital = Net working capital 2017 - working capital 2016

change in net working capital = 7753 - 7796

change in net working capital = -$43