For Garrison Corporation,the Working Capital at the End of the Current

question 121

Essay

For Garrison Corporation,the working capital at the end of the current year is $10,000 more than the working capital at the end of the preceding year , reported as follows:
$\begin{array}{|l|r|r|}\hline & \underline{\text { Year } 2}{} & \underline{\text { Year } 1}{} \\\hline\text { Current assets: }\\\hline \text { Cash, marketable securities, and receivables } & \$ 80,000 & \$ 84,000 \\\hline \text { Inventories } & {120,000} & {66,000} \\\hline \text { Total current assets } & \$ 200,000 & \$ 150,000 \\\hline \text { Current liabilities } & \$ 100,000 & {60,000}\\\hline \text { Working capital } & \$ 100,000 & \$ 90,000 \\\hline\end{array}$
Has the current position of Garrison Corporation improved? Explain.

---

Definitions:

Job Satisfaction

The level of contentment employees feel with their job roles, responsibilities, and work environment.

Quality of Service

The assessment of how well a delivered service matches the expectations of the customer.

Common Cost

A cost that is not directly attributable to any particular cost object, such as a product, department, or project.

Business Unit

A segment of a company with its distinct operations and management, often treated as an individual entity within the larger corporation for strategic and operational planning.