Question

Bob and Jane, two coworkers in the sales department of Weston Corporation, are having an informal discussion about the financial condition of one of their customers who has placed a large order. Bob states that things are really going well for the company. According to its most recent balance sheet, cash had increased from $5.4 million at the end of last year to $7.9 million at the end of the current year.

Required
Jane has studied introductory accounting at Grogan College, which included study of the statement of cash flows. How should she respond to Bob’s comment?



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  • CreatedSeptember 23, 2013
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