Canyon Tours showed the following components of working capital last year:
Beginning End of Year
Accounts receivable $26,800 $24,400
Inventory 13,400 15,300
Accounts payable 15,900 19,300
a. What was the change in net working capital during the year? (A negative amount should be indicated by a minus sign.)
Change in net working capital $_________
b. If sales were $37,400 and costs were $25,400, what was cash flow for the year? Ignore taxes.
Cash flow $ __________