A review of a balance sheet indicated the beginning and ending totals of current current liabilities for a one-year operating period. Determine the working capital at the beginning and the end of the year. Calculate the change in current assets, current liabilities, and working capital.
|
Current Assets |
Current Liabilities |
Working Capital |
|
|
January 1, 2004 |
$178,500 |
$99,250 |
$ |
|
December 31, 2004 |
122400 |
76,500 |
|
|
Change, current assets |
$ |
$ |
|
|
Change, current liabilities |
|||
|
Change in working capital |
$ |