Using the following Balance Sheet summary information, for the two years presented calculate the working capital for 2018 and 2019 respectively: Current Assets 12/31/2018 is $101,600/ 12/31/2019 is $97,350 current liabilities 12/31/2018 is $33,650/ 12/31/2019 is $32,800

Using the following Balance Sheet summary information, for the two years presented calculate the working capital for 2018 and 2019 respectively: Current Assets 12/31/2018 is $101,600/ 12/31/2019 is $97,350 current liabilities 12/31/2018 is $33,650/ 12/31/2019 is $32,800

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter5: Completing The Accounting Cycle

Section: Chapter Questions

Problem 13PA: Using the following Balance Sheet summary information, for the two years presented calculate: A....

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Using the following Balance Sheet summary information, for the two years presented calculate the working capital for 2018 and 2019 respectively:

Current Assets 12/31/2018 is $101,600/ 12/31/2019 is $97,350

current liabilities 12/31/2018 is $33,650/ 12/31/2019 is $32,800

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