Problem:
Question: What were the dollar amount of change and the percentage of each change in Blueberry Lane Lodge's working capital during 2012 and 2011? Is this trend favorable or unfavorable?
Note: Please explain comprehensively and give step by step solution.
|
2012
|
2011
|
2010
|
|
Total current assets.
|
$330,000
|
$280,000
|
$260,000
|
|
Total current liabilities
|
155,000
|
140,000
|
130,000
|