Problem: Canyon Tours showed the following components of working capital last year:
Beginning End of Year
Accounts receivable $25,600 $23,800
Inventory $12,800 $14,100
Accounts payable $ 15,300 $18,100
Q1. What was the change in net working capital during the year? (Negative amount should be indicated by a minus sign.)
Q2. If sales were $36,800 and costs were $24,800, what was cash flow for the year? Ignore taxes.