A house painting business had revenues of $16,000 and expenses of $9,000 last summer. There were no

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A house painting business had revenues of $16,000 and expenses of $9,000 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital:

_____________________Beginning of Year__________End of year

Accounts receivable....................$1,200..............................................$4,500

Accounts payable.............................700..................................................300

Calculate net cash flow for the business for this period.

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Fundamentals of Corporate Finance

ISBN: 978-1259722615

9th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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