Change in net working capital
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Canyon Tours showed the following components of working capital last year:
Beginning End of Year
Accounts receivable $25,600 $23,800
Inventory $12,800 $14,100
Accounts payable $ 15,300 $18,100
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a. What was the change in net working capital during the year? (Negative amount should be indicated by a minus sign.)
Change in net working capital= $___________
b. If sales were $36,800 and costs were $24,800, what was cash flow for the year? Ignore taxes.
Cash flow = $ ___________
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Please assist with problem.#12
Canyon Tours showed the following components of working capital last year:
Beginning End of Year
Accounts receivable $25,600 $23,800
Inventory $12,800 $14,100
...
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Solution discusses the Change in net working capital