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Northstar Corp. had the following balances: Accounts receivable Machinery Land improvements Accounts payable Salaries payable Short-term notes payable Uneamed rent Long-term notes payable Ront samed
Northstar Corp. had the following balances: Accounts receivable Machinery Land improvements Accounts payable Salaries payable Short-term notes payable Uneamed rent Long-term notes payable Ront samed Interest eamed Supplies expense $74,500 131,500 108,500 91.000 32,500 107.000 119,500 52.000 125,500 53,500 12,000 36,500 $110,000 107.000 154,500 85,000 40.500 86,500 104,500 19,500 87 000 105,000 19.500 35,000 a) Calculate the working capital for 2014 and 2013. Please make sure your final answer(s) are accurate to the nearest whole number 2014 2015 Working capital b) is the change in working capital favourable or unfavourable? The change in working capital is (solict ) a) Calculate the working capital for 2014 and 2013. Please make sure your final rower(s) are accurate to the nearest whole number Working with b) is the change in working capital favourable or unfavourable? The change in working capitwe c) Calculate the current ratio for 2014 and 2013. Please make sure your futurower(1) are accurate to 2 decimal places Curro a) is the change in current ratio tavourable or unfavourable? The charge in current ratio is com e) For the next two questions, assume that on the last day of 2014, the entire 532,500 balance in Accounts payable was paid off by cath. How would the working capital have changed? The worlong capital would have setectone) How would the current ratio have changed? The concentratio would have select one)
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