Canyon Tours showed the following components of working capital last year: Beginning of Year End ofYear Accounts receivable $ 25,400 23,700 Inventory 12,700 13,900 Accounts payable 15,200 17,900 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.
Canyon Tours showed the following components of working capital last year: Beginning of Year End ofYear Accounts receivable $ 25,400 23,700 Inventory 12,700 13,900 Accounts payable 15,200 17,900 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.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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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. 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.
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