Compute the dollar amount of change and the percentage of change in Gambol News Groups working capital

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Compute the dollar amount of change and the percentage of change in Gambol News Group’s working capital each year during 2022 and 2023. Is this trend favorable or unfavorable?

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Managerial Accounting

ISBN: 9780137858514

7th Edition

Authors: Karen W. Braun, Wendy M. Tietz

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Question Posted: Jun 25, 2023 06:47 AM

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Compute the dollar amount of change and the percentage of change in Gambol News Groups working capital

Question:

Total current assets... Total current liabilities 2023 $275,640 $195,000 2022 $254,000 $182,000 2021 $214,500 $152,000

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The decreasing trend of working capital is unfa...View the full answer

Managerial Accounting

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