Answered: 2019 2018 2017 $ 490,000 $320,000 $…

Business

Accounting

2019 2018 2017 $ 490,000 $320,000 $ 230,000 160,000 Total Current Assets Total Current Liabilities 235,000 115,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Computing Working capital changes

Data for Research Enterprises follows:

Compute the dollar amount of change and the percentage of Change in Research Enterprises’s working capital each year during 2019 and 2018. What do the calculated changes indicate?

2019
2018
2017
$ 490,000 $320,000 $ 230,000
160,000
Total Current Assets
Total Current Liabilities
235,000
115,000

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