Canyon Tours showed the following components of working capital last year: Beginning of Year End ofYear Accounts receivable $ 24,800 $ 23,400 Inventory 12,400 13,300 Accounts payable 14,900 17,300 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 $36,400 and costs were $24,400, what was cash flow for the year? Ignore taxes.
Canyon Tours showed the following components of working capital last year: Beginning of Year End ofYear Accounts receivable $ 24,800 $ 23,400 Inventory 12,400 13,300 Accounts payable 14,900 17,300 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 $36,400 and costs were $24,400, what was cash flow for the year? Ignore taxes.
Chapter9: Responsibility Accounting And Decentralization
Section: Chapter Questions
Problem 3PB: The income statement comparison for Rush Delivery Company shows the income statement for the current...
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Canyon Tours showed the following components of working capital last year:
Beginning of Year | End of Year |
|||||
Accounts receivable | $ | 24,800 | $ | 23,400 | ||
Inventory | 12,400 | 13,300 | ||||
Accounts payable | 14,900 | 17,300 | ||||
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 $36,400 and costs were $24,400, what was cash flow for the year? Ignore taxes.
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