Use the balance sheet of Detroit, Inc to calculate working capital for 2018 and 2017
Detroit, Inc
Comparative Balance Sheet
December 31, 2018 and 2017
2018 2017
Assets
Total Current Assets $200,000 $100,000
Property, Plant, and Equipment, Net 550,000 500,000
Other Assets 50,000 50,000
Total Assets $800,000 $650,000
Liabilities
Total Current Liabilities $150,000 $100,000
Long-term Debt 350,000 250,000
Total Liabilities 500,000 350,000
Stockholders' Equity
Total Stockholders' Equity 300,000 300,000
Total Liabilities and Stockholders' Equity $800,000 $650,000
What will be an ideal response
Year Current Assets Current Liabilities Working Capital
2018 100,000 100,000 0
2017 200,000 150,000 50,000 .Working capital = Current assets - Current liabilities
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