1 [15 points] Oppong Corporation had the following balances: Account Cash 2014 2013 $69,500 $56,500 Accounts receivable 131,000 83,000 Merchandise inventory. 149,000 101,000 Prepaid rent 51,000 10,000 Accounts payable 71,000 63,500 Salaries payable 80,500 90,500 Short-term notes payable.. 120,500 47,000 Long-term notes payable... 135,500 138,500 Rent earned 99,500 66,500 Salaries expense.. 82,000 142,500 Interest expense 24,500 13,000 a) Calculate the working capital for 2014 and 2013. Please make sure your final answer(s) are accurate to the nearest whole number. 2014 2013 Working capital b) Is the change in working capital favourable or unfavourable? The change in working capital is (select one). c) Calculate the current ratio for 2014 and 2013. Please make sure your final answer(s) are accurate to 2 decimal places. Current ratio 2014 2013 d) Is the change in current ratio favourable or unfavourable? The change in current ratio is (select one). e) For the next two questions, assume that on the last day of 2014, the entire $71,000 balance in Accounts payable was paid off by cash. How would the working capital have changed? The working capital would have (select one). https://lifa1.lyryx.com/student-servlets/LabServlet?ccid=10977 12/11/2020 Assignment 5 (Question 1) - Lyryx Learning Inc f) How would the current ratio have changed? The current ratio would have (select one). 12 1/2