Moore Company Has the Following Partial List of Account Balances

Moore Company has the following partial list of account balances at year-end December 31, 2014: $$\begin{array} { l r } \text { Accounts payable } & \$ 1,800 \\\text { Accounts receivable } & 4,600 \\\text { Cost of goods sold } & 15,000 \\\text { Cash } & 23,000 \\\text { Taxes payable } & 10,000 \\\text { Land } & 25,000 \\\text { Notes payable (due in } 6 \text { months) } & 1,000 \\\text { Salaries payable } & 900 \\\text { Inventory } & 4,300\end{array}$$ Additional information: The accounts payable balance at the end of the prior year was $3,000.
Required:
(All answers are for December 31, 2014.)
A. Determine the following items:
1. Current assets
2. Current liabilities
3. Working capital
4. Accounts payable turnover ratio
5. Average age of accounts payable
B. Assume that cash is used at December 31, 2014 to pay the entire balance of accounts payable. Determine the revised amounts from part (A) above for the following items:
1. Current assets
2. Current liabilities
3. Working capital
4. Accounts payable turnover ratio
5. Average age of accounts payable
C. Comment on the effect of paying accounts payable at year-end with regard to working capital and accounts payable management.