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Canyon Tours showed the following components of working capital last year:
Beginning End of Year
Accounts receivable $ 25,800 $21,200
Inventory 10,800 14,100
Accounts payable 14,500 17,900
Problem 1: What was the change in net working capital during the year? (Use the minus sign to enter negative changes, if any.)
Problem 2: If sales were $34,000 and costs were $27,900, what was cash flow for the year? Ignore taxes. (Use the minus sign to enter negative changes, if any.)
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