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Analyze working capital management for ABC Corporation based on the following data: Category Amount ($) Current Assets $200,000 Current Liabilities $150,000 Inventory $50,000 Accounts Receivable
- Analyze working capital management for ABC Corporation based on the following data:
| Category | Amount ($) |
|---|---|
| Current Assets | $200,000 |
| Current Liabilities | $150,000 |
| Inventory | $50,000 |
| Accounts Receivable | $60,000 |
| Accounts Payable | $40,000 |
Requirements:
- Calculate the working capital, current ratio, and quick ratio.
- Present the analysis in a detailed table format.
- Discuss the effectiveness of working capital management practices.
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Accounting Volume 1
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
9th Canadian edition
978-013309863, 9780133128338, 013309863X, 133128334, 978-0132690096
