Canyon Tours showed the following components of working capital last year: Beginning of Year End of Year Accounts receivable $ 25,400 23,700 Inventory 12,700 13,900 Accounts payable 15,200 17,900 a....


Canyon Tours showed the following components of working capital last year:









































Beginning of YearEnd of
Year
Accounts receivable$25,40023,700
Inventory12,70013,900
Accounts payable15,20017,900



a.What was the change in net working capital during the year?(A negative amount should be indicated by a minus sign.)



b.If sales were $36,700 and costs were $24,700, what was cash flow for the year? Ignore taxes.



Jun 04, 2022
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