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The following information is for Cobb Hill Lodge. (Click the icon to view the data.) Requirement 1. What were the dollar amounts of change
The following information is for Cobb Hill Lodge. (Click the icon to view the data.) Requirement 1. What were the dollar amounts of change and the percentage of each change in Cobb Hill Lodge's net working capital during 2018 and 2017? Is this trend favorable or unfavorable? (Use parentheses or a minus sign for a decrease in working capital. Round the percentages to the nearest one-tenth percent, X.X%.) Total current assets Total current liabilities Working capital Dollar change in working capital Percentage change in working capital 2018 2017 2016 $ 409,000 $ 240,000 $ 240,000 377,500 150,000 120,000 % %
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