Canyon Tours showed the following components of working capital last year: Beginning of Year Accounts receivable Inventory Accounts payable $ 24,000 12,000 14,500 End of Year $ 23,000 12,500 16,500 a. What was the change in net working capital during the year? Note: A negative amount should be indicated by a minus sign. Change in net working capital Cash flow b. If sales were $36,000 and costs were $24,000, what was cash flow for the year? Ignore taxes.

Canyon Tours showed the following components of working capital last year: Beginning of Year Accounts receivable Inventory Accounts payable $ 24,000 12,000 14,500 End of Year $ 23,000 12,500 16,500 a. What was the change in net working capital during the year? Note: A negative amount should be indicated by a minus sign. Change in net working capital Cash flow b. If sales were $36,000 and costs were $24,000, what was cash flow for the year? Ignore taxes.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 3PB: The income statement comparison for Rush Delivery Company shows the income statement for the current...

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