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Allarco Inc. had the following balances: Accounts receivable Boats Copyright Accounts payablo Salarios payable Short-term roles payable Uncomod ront Long torm notes payabile Sales Ront
Allarco Inc. had the following balances: Accounts receivable Boats Copyright Accounts payablo Salarios payable Short-term roles payable Uncomod ront Long torm notes payabile Sales Ront exponse, selling space $49,600 56,000 192,000 89,500 58,000 96,000 103,000 20,000 136,500 60.000 104,500 $62 500 79,000 119,500 36,000 48.500 122.000 00 000 21,500 131 000 29,000 115.000 a) Calculate the working capital for 2014 and 2013. Please make sure your final answers) 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. 2014 2015 o a) Calculate the working capital for 2014 and 2013. Please make sure your final answer(n) are accurate to the nearest whole number. Working Capit b) is the change in working capitat favourable or unfavourable? The change in working capitis die c) Calculate the current ratio for 2014 and 2013. Please make sure your final antwer(s) are accurate to 2 decimal places Current ratio 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 $58,000 balance in Accounts payable was paid off by cash. How would the working capital have changed? The working capitis would have select one) 1) How would the current ratio have changed? The current ratio would have select one)
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