Using the given balance sheet data, what were the dollar amount of change and the percentage of each change in Fairview Mountain Lodge Limited's working capital during 2020 and 2019? Is this
trend favourable or unfavourable?
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Begin by calculating the working capital amount for each year. Next, determine the dollar amount of change in working capital for 2020 and 2019, and lastly, determine the percentage change in
working capital for 2020 and 2019. (Use parentheses or a minus sign for a decrease in working capital. Enter the percentage change amounts to one decimal place, X.X%.)
Fairview Mountain Lodge Limited
2020
2019
2018
$ 310,000 $ 300,000
$ 346,000
180,000
177,000
160,000
Total current assets.
Total current liabilities..
Working capital..
Dollar change in working capital.
Percentage change in working capital.
%
%
