For Lindsay Corporation, the working capital at the end of the current year is $5,000 greater than

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For Lindsay Corporation, the working capital at the end of the current year is $5,000 greater than the working capital at the end of the preceding year, reported as follows:

Has the current position improved?Explain.

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Survey Of Accounting

ISBN: 9781305961982

1st Edition

Authors: Carl S. Warren

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Question Posted: May 29, 2012 05:45 AM

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For Lindsay Corporation, the working capital at the end of the current year is $5,000 greater than

Question:

Current Year Preceding Year Current assets: Cash, marketable securities, $30,000 32,500 $62,500 25,000 $37,500 and receivables 534,000 51,000 $85,000 42,500 Inventories Total current assets Current liabilities Working capital $42500 $37500

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Survey Of Accounting

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