Changes in Current Operating Assets and Liabilities Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Adjust net income of $79,000 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. $ x Theck My Work Once you have calculated the changes in the current operating assets and liabilities determine what impact those changes would have on cas example if accounts receivable has increased from last year to this year does that mean the company has collected more cash or less cash? payable has decreased does that mean the company has more cash or less cash