Horngren's Financial & Managerial Accounting, The Financial Chapters (6th Edition)
Horngren's Financial & Managerial Accounting, The Financial Chapters (6th Edition)
6th Edition
ISBN: 9780134486840
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
Question
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Chapter 15, Problem 15.17E
To determine

Working capital: Working capital is used by the company to pay-back the short-term debts with the current assets. It is the excess of current assets over current liabilities.

Formula:

Working capital ratio = Current assets – Current liabilities 

To compute: The dollar amount change and the percentage change in the working capital for three years 2017 – 2019.

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Chapter 15 Solutions

Horngren's Financial & Managerial Accounting, The Financial Chapters (6th Edition)

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