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Homework Saved Canyon Tours showed the following components of working capital last year: Accounts receivable Inventory Accounts payable Beginning of Year $ 28,000 14,000 16,500
Homework Saved Canyon Tours showed the following components of working capital last year: Accounts receivable Inventory Accounts payable Beginning of Year $ 28,000 14,000 16,500 End of Year $ 25,000 16,500 20,500 a. What was the change in net working capital during the year? (A negative amount should be indicated by a minus sign.) Change in net working capital ht b. If sales were $38,000 and costs were $26,000, what was cash flow for the year? Ignore taxes. Cash flow
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