Response to the following problem:
For Lindsay Corporation, the working capital at the end of the current year is $5,000 greater than the working capital at the end of the preceding year, reported as follows:
Current Year Preceding Year
Current assets:
Cash, marketable securities,
and receivables $34,000 $30,000
Inventories 51,000 32,500
Total current assets $85,000 $62,500
Current liabilities 42,500 25,000
Working capital $42,500 $37,500
Has the current position improved? Explain.