Question
Canyon Tours showed the following components of working capital last year: Beginning End of Year Accounts receivable $ 26,800 $24,400 Inventory 13,400 15,300 Accounts payable
Canyon Tours showed the following components of working capital last year:
Beginning End of Year
Accounts receivable $ 26,800 $24,400
Inventory 13,400 15,300
Accounts payable 15, 900 19,300
a. What was the change in net working capital during the year?
Change in net working capital:
b. If sales were $37,400 and costs were $25, 400, what was cash flow for the years? Ignore taxes
Cash flow:
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Personal Finance Building Your Future
Authors: Robert B. Walker, Kristy P. Walker
1st edition
9780077861728, 978-0073530659
