Canyon Tours showed the following components of working capital
last year:
Beginning of Year
End of
Year
Accounts receivable
$
27,600
$
24,800
Inventory
13,800
16,100
Accounts payable
16,300
20,100
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 $37,800 and costs were
$25,800, what was cash flow for the year? Ignore taxes.