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:

$\text{Working capital ratio = Current assets – Current liabilities }$

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