Question: E12-26B. (Learning Objective 1: Computing year-to-year changes in working capital) What were the euro amount of change and the percentage of each change in Ricardo

E12-26B. (Learning Objective 1: Computing year-to-year changes in working capital)

What were the euro amount of change and the percentage of each change in Ricardo Lodge’s working capital during 20X6 and 20X5? Is this trend favorable or unfavorable?

20X6 20X5 20X4 Total current assets. Total current liabilities........ $420,000 $320,000 $260,000

20X6 20X5 20X4 Total current assets. Total current liabilities........ $420,000 $320,000 $260,000 190,000 150,000 120,000

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