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Then ignore the question about drawing the graph. 3. The current assets and the current liabilities of Goodenough Company for a five-year period are given
Then ignore the question about drawing the graph.
3. The current assets and the current liabilities of Goodenough Company for a five-year period are given below. Goodenough Company Balance Sheet Data Current Assets Current Liabilities Working Capital Year $50 000 35 000 Year 2 $55 500 38 000 Year 3 $59 500 40 000 Year 4 $64 000 42 500 Year 5 $68 500 45 000 In your workbook: A Complete the above schedule by calculating the working capital fig- ures for the five years. B. Convert the above data into a Trend Analysis chart. C. Show the above data in the form of a bar graph. Goodenough Company Balance Sheet Data % %. % Year 1 $50 000 35 000 Year 2 $55 500_ 38 000 Current Assets Current Liabilities Working Capital Year 3 % $59 500 - 40 000 - Year 4 $64 000 42 500 % Year 5 - $68 500 - 45 000 * Calculate percent of Year 1 amount Step by Step Solution
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