For Belzer Corporation, the working capital at the end of the current year is $24,000 more than
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For Belzer Corporation, the working capital at the end of the current year is $24,000 more than the working capital at the end of the preceding year, reported as follows:
Has the current position improved?Explain.
Transcribed Image Text:
Current Year Preceding Year Current assets: Cash, temporary investments, and receivables Inventories Total current assets Current liabilities Working capital 81,000 171,000 $252,000 90,000 $162,000 72,000 126,000 $198,000 60,000 $138,000
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