Changes in Current Operating Assets and Liabilities Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Accounts receivable Feedback Dec. 31, Year 2 Dec. 31, Year 1 $19,500 Inventory 86,500 Accounts payable 18,800 Dividends payable 24,000 Adjust net income of $100,600 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. X $24,400 77,900 15,500 22,000 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 accounts 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 that mean the company has more cash or less cash?

Changes in Current Operating Assets and Liabilities Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Adjust net income of $100,600 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. $ Feecback Theck 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 accounts recelvable 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 that mean the company has more cash or less cash