Question: Please show work on how you got the answer please. Thank you! Conservative Working Capital Financing Approach 17-7. Laroux Products has the following balance sheet.

Please show work on how you got the answer please. Thank you!

Please show work on how you got the answer please. Thank you!

Conservative Working Capital Financing Approach 17-7. Laroux Products has the following balance sheet. Its temporary current assets are 30 percent of the current assets, and the remaining are permanent current assets. The company would like to change its financing approach to a more conservative one. Create a new balance sheet using the conservative approach that the company could adopt. Laroux estimates the asset amounts will remain the same. Conservative Working Capital Financing Approach 17-7. Laroux Products has the following balance sheet. Its temporary current assets are 30 percent of the current assets, and the remaining are permanent current assets. The company would like to change its financing approach to a more conservative one. Create a new balance sheet using the conservative approach that the company could adopt. Laroux estimates the asset amounts will remain the same

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