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Canyon Tours showed the following components of working capital last year: Beg of Year End of Year Accounts receivable 25,400 23,700 Inventory 12,700 13,900 Accounts
Canyon Tours showed the following components of working capital last year:
Beg of Year | End of Year | |
Accounts receivable | 25,400 | 23,700 |
Inventory | 12,700 | 13,900 |
Accounts Payable | 15,200 | 17,900 |
What was the change in net working capital during the year? (A negative amount should be indicated by a minus sign.)
If sales were $36,700 and costs were $24,700, what was cash flow for the year? Ignore taxes.
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