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Hi, I am just wondering if the 23.6% is the correct answer? I assumed the base year for both percentages was 20X1 / 140,000. I
Hi, I am just wondering if the 23.6% is the correct answer? I assumed the base year for both percentages was 20X1 / 140,000. I wasn't sure if your supposed to use that as your base for both or if you use the previous year as a base / for 20X3 you would use 133,000?
Jsing the given balance sheet data, what were the dollar amount of change and the percentage of each change in Fairview Mountain Lodge Limited's working capital during 203 and 202 ? Is this trend favourable or unfavourable? Begin by calculating the working capital amount for each year. Next, determine the dollar amount of change in working capital for 203 and 202, and lastly, determine the percentage change in working capital for 203 and 202. (Only complete the necessary input fields. Use parentheses or a minus sign for negative values. Round the percentages to the hearest tenth percent, X.X\%.) Finally, based on what you have calculated above, determine whether the trend is favourable or unfavourable. The trend of working capital in 203 is although, because of the previous a "trend" is Balance sheet dataStep by Step Solution
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