Q # 08) Canyon Tours showed the following components of working capital last year: (Beginning) (End of
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Q # 08) Canyon Tours showed the following components of working capital last year:
(Beginning) (End of year) (Beginning) (End of year) (Beginning) (End of year)
Accounts Receivable $48,000 $46,000 Inventory 24,000 25,000 Accounts Payable 29,000 33,000
. What was the change in net working capital during the year?
b. If sales were $72,000 and costs were $48,000, what was cash flow for the year?
c. What is working capital, why it brings change in cash flow?
d. Write the affects on Cash flow on each of the following,
i)When change in Working Capital Increases
ii)When change in Working Capital Decreases
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