E15-12 1 Computing working capital changes [5–15 min]
Data for Beverage Enterprises follows:
2012 2011 2010
Total current assets . . . . . . $510,000 $ 350,000 $240,000
Total current liabilities . . . . 245,000 175,000 120,000
Requirement
1. Compute the dollar amount of change and the percentage of change in Beverage Enterprises’ working capital each year during 2011 and 2012. What do the cal- culated changes indicate?
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