The following information is for Leary Lodge. What were the dollar amount of change and the percentage

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The following information is for Leary Lodge. What were the dollar amount of change and the percentage of each change in Leary Lodge’s net working capital during 2018 and 2017? Is this trend favorable or unfavorable?

2017 2016 2018 Total current assets $880,800 $395,000 $320,000 115,000 Total current liabilities. 360,000 160,000

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Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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Question Posted: Jun 19, 2019 07:57 AM

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The following information is for Leary Lodge. What were the dollar amount of change and the percentage

Question:

2017 2016 2018 Total current assets $880,800 $395,000 $320,000 115,000 Total current liabilities. 360,000 160,000

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The increase in net working capital is favorab...View the full answer

Financial Accounting

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