For Taylor Corporation, the working capital at the end of the current year is $10,000 more than the working capital at the end of the preceding year, reported as follows:

	Year 2	Year 1
Current assets:
Cash, marketable securities, and receivables	$ 80,000	$ 84,000
Inventories	120,000	66,000
Total current assets	$200,000	$150,000
Current liabilities	100,000	60,000
Working capital	$100,000	$ 90,000

Has the current position of Taylor Corporation improved? Explain

Answer rating: 100% (QA)

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