• Discuss the total current liabilities for Gym Generation.
• Calculate Gym Generations working capital.
• Answer the following questions:
• Why is working capital important to financial management?
• If Gym Generation were to have an additional $100,000 in liabilities, how would that affect the working capital? How would it affect the companys day-to-day financial management?

Gym Generation Although the two ladies help each other out, Gina needs a deeper understanding of her balance sheet. Use the following information to help Gina better understand financial management using the balance sheet. Gina is preparing the year-end balance sheet for Gym Generation. The company records show the following selected amounts at the end of the year