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What was the change in net working capital during the year

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Reference no: EM132544977

Canyon Tours showed the following components of working capital last year: 

                                             Beginning                                 End Of Year

Accounts Receivable      $48,000                                      $46,000

Inventory                    24,000                                        25,000

Accounts Payable            29 000                                    33 000

Question a. What was the change in net working capital during the year?

Question b. If sales were $72,000 and costs were $48,000, what was cash ?ow for the year?

Question c. What is working capital, why it brings change in cash ?ow?

Question d. Write the affects on Cash ?ow on each of the following,

i) When change in Working Capital Increases
ii) When change in Working Capital Decreases

Reference no: EM132544977

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