Question: (a) Classify each of the events below as a source or use of cash. What is the net impact to the cash position of the

(a) Classify each of the events below as a source or use of cash. What is the net impact to the cash position of the below events. Overall, did cash [3] go up or down? By how much?. Decrease in inventory Increase in accounts payable Increase in notes payable Decrease in accounts receivable $375 $190 $210 $105 b) Harpreet Chemicals Pvt. Ltd. has current liabilities of $365,000, a quick ratio of .75, inventory turnover of 4.9, and a current ratio of 1.2. What is [4] the cost of goods sold for the company?

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