mathul Rachel Anson&1 8/1/18 10:54 P2 (Financial Statements) 10f 8 (0 complete)

Question

mathul Rachel Anson&1 8/1/18 10:54 P2 (Financial Statements) 10f 8 (0 complete) ? HW Score: 0%, 0 Question Help e following Data Table heet for 201 pital account apital for the in net worir Balance Sheet Accounts of Roman Corporation Balance 12/31/2013 $2,017 $1,790 $2.487 $1,302 $4,992 $5,796 $7.793 Balance 12/31/2014 $2,672 $2,051 $2.694 $1,129 $4,992 $8,032 $8,193 $9,207 nventory count otal current ixed assets Plant, propert Accounts payable Accounts receivable Cash Common stock Accumulated Net plant, pro Long-term debt Plant, property, and equipment58.408 TOTAL ASSERetained eanings$1.401$1.154 ined earnings Print Done r enter anyn Check Answer Clear All This course (Finance 3101) is based on Brooks: Financial Management: Core Concepts 3e Copyright 2018 Pearson Education 20

Explanation / Answer

Assets 2013 2014 Liabilities 2013 2014 Current Assets Current Liabilities Cash $1,302.00 $1,129.00 Accounts Payable $1,790.00 $2,051.00 Accounts Receivables $2,487.00 $2,694.00 Long-Term Liabilities Inventory $5,796.00 $6,032.00 Long-term Debt $7,793.00 $8,193.00 Total Current Assets $9,585.00 $9,855.00 Total Liabilities $9,583.00 $10,244.00 Long-Term Assets: Owner’s Equity Plant, Property & Equipment $8,408.00 $9,207.00 Common Stock $4,992.00 $4,992.00 Less: Accumulated Dep. -$2,017.00 -$2,672.00 Retained Earnings $1,401.00 $1,154.00 Net Plant, Property & Equipment $6,391.00 $6,535.00 Total Owner’s Equity $6,393.00 $6,146.00 Total Assets $15,976.00 $16,390.00 Total Liabilities & Owner's Equity $15,976.00 $16,390.00

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