Question
Canyon Tours showed the following components of working capital last year: BeginningEnd of Year Accounts receivable$23,400$22,000Inventory11,60013,500Accounts payable13,40017,500 a. What was the change in net working
Canyon Tours showed the following components of working capital last year:
BeginningEnd of YearAccounts receivable$23,400$22,000Inventory11,60013,500Accounts payable13,40017,500a.What was the change in net working capital during the year?(Use theminussign to enter negative changes, if any.)NWC$
b.If sales were $31,200 and costs were $22,500, what was cash flow for the year? Ignore taxes.(Use the minus sign to enter negative changes, if any.)Cash flow$
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
