10 Nov Cash Flows. Canyon Tours showed the follow
Cash Flows. Canyon Tours showed the following components of working capital last year: Beginning End of Y ear Accounts receivable $24,000 $22,500 Inventory 12,000 13,000 Accounts payable 14,500 16,500 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.
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