Changes in Current Operating Assets and Liabilities Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $24,500 $21,100 Inventory 67,300 78,200 Accounts payable 12,400 14,900 Dividends payable 22,000 21,000 Adjust net income of $96,600 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. 96,100 X Feedback Check My Work Once you have calculated the changes in the current operating assets and liabilities determine what impact those changes would have on cash. For example if a receivable has increased from last year to this year does that mean the company has collected more cash or less cash? If accounts payable has decreased does company has more cash or less cash?