Question
The following information is for Winding Lane LodgeWinding Lane Lodge Requirement 1. What were the dollar amounts of change and the percentage of each change
The following information is for
Winding Lane LodgeWinding Lane Lodge
Requirement
| 1. | What were the dollar amounts of change and the percentage of each change in Winding Lane LodgeWinding Lane Lodge's net working capital during2018 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%.)
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| 2018 | 2017 | 2016 | ||
|---|---|---|---|---|---|
| Total current assets | $409,000 | $240,000 | $240,000 | ||
| Total current liabilities | 377,500 | 150,000 | 120,000 | ||
| Working capital |
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| Dollar change in working capital |
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| Percentage change in working capital |
| % |
| % |
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Contemporary Auditing
Authors: Michael C. Knapp
8th edition
978-0538466790, 538466790, 978-1285066608
