Use the balance sheet of Detroit, Inc. to calculate working capital for 2018 and 2017.

Detroit, Inc.

Comparative Balance Sheet

December 31, 2018 and 2017

2018 2017

Assets

Total Current Assets $200,000 $100,000

Property, Plant, and Equipment, Net 550,000 500,000

Other Assets 50,000 50,000

Total Assets $800,000 $650,000

Liabilities

Total Current Liabilities $150,000 $100,000

Long-term Debt 350,000 250,000

Total Liabilities 500,000 350,000

Stockholders' Equity

Total Stockholders' Equity 300,000 300,000

Total Liabilities and Stockholders' Equity $800,000 $650,000

Year Current Assets Current Liabilities Working Capital

2018 100,000

2017 200,000