Compute the dollar amount of change and the percentage of change in Crocker News Groups working capital

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Compute the dollar amount of change and the percentage of change in Crocker News Group’s working capital each year during 2022 and 2023. Is this trend favorable or unfavorable?

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Managerial Accounting

ISBN: 9780137858514

7th Edition

Authors: Karen W. Braun, Wendy M. Tietz

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Question Posted: Jun 25, 2023 06:47 AM

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Compute the dollar amount of change and the percentage of change in Crocker News Groups working capital

Question:

Total current assets.. Total current liabilities. 2023 $358,290 $189,000 2022 $323,500 $175,000 2021 $291,500 $154,000

Step by Step Answer:

The increasing trend of working capital is favorable Total current ...View the full answer

Managerial Accounting

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