What was the change in net working capital

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Reference no: EM131831985

Canyon Tours showed the following components of working capital last year: Beginning End of Year Accounts receivable $ 26,400 $ 24,200 Inventory 13,200 14,900 Accounts payable 15,700 18,900.

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 $37,200 and costs were $25,200, what was cash flow for the year? Ignore taxes.

Reference no: EM131831985

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