Canyon Tours showed the following components of working capital last year: a. What was the change in
Question:
Canyon Tours showed the following components of working capital last year:
a. What was the change in net working capital during the year?
b. If sales were $36,000 and costs were $24,000, what was cash flow for the year?
Ignore taxes.
Sales..............$36,000.00
Costs.............$24,000.00
Transcribed Image Text:
Accounts receivable Inventory Accounts payable Beginning End of Year $24,000.00 $23,000.00 12,000.0012,500.00 14.500.00 16.500.00
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0078034640
7th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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