Problem

(L. OBJ. 1) Computing working capital changes [5—15 min] Data for Media Enterprises fol...

(L. OBJ. 1) Computing working capital changes [5—15 min]

Data for Media Enterprises follows:

Requirement

1. Compute the dollar amount of change and the percentage of change in Media Enterprises’ working capital each year during 2008 and 2009. Is this trend favorable or unfavorable?

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