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Change in net working capital

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 = $ ___________

Solution Preview

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
...

Solution Summary

Solution discusses the Change in net working capital

$2.19