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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Management Accounting
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
7th Edition
978-1760421144, 1760421146
