Homework Answers
Answers :
1) -$98.7
2) $85,000 Decrease
Working Capital = Current Assets - Current Liabilities
Current Assets = 102.50
Current Liabilities = 201.20
Working Capital = 102.50-201.20 = ($98.70 )(Answer)
2)
Accounting Equation
Total Assets = Total Liabilities + Total Stokc Holders Equity
Decrease in Liabilities = Decrease in Assets + Increase in Stockholders' Equity
= 74,000+11,000 = $85,000
Answers = $85,000 Decrease
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