Purchase Solution

Change in net working capital

Not what you're looking for?

Ask Custom Question

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

--------------------------------------------------------------------------------

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 = $ ___________

Purchase this Solution

Solution Summary

Solution discusses the Change in net working capital

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
...

Purchase this Solution


Free BrainMass Quizzes
Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Learning Lean

This quiz will help you understand the basic concepts of Lean.

Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.