Working capital : Working capital is used by the company to pay-back the short-term debts with the current assets. It is the excess of current assets over current liabilities. Formula: Working capital ratio = Current assets – Current liabilities To compute: The dollar amount change and the percentage change in the working capital for three years 2014 – 2016. Given info: Total current assets and total current liabilities

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Chapter 15, Problem 15.19E

To determine

Working capital: Working capital is used by the company to pay-back the short-term debts with the current assets. It is the excess of current assets over current liabilities.

Formula:

Working capital ratio = Current assets – Current liabilities

To compute: The dollar amount change and the percentage change in the working capital for three years 2014 – 2016.

Given info: Total current assets and total current liabilities

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