Changes in Current Operating Assets and Liabilities-Indirect Method 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 $19,500 $ 23,200 Inventory 81,800 73,700 Accounts payable 13,100 10,800 Dividends payable 24,000 26,000 Adjust net income of $117,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $102,900 x Feedback Check My Work 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 Once you have calculated the changes in the current operating assets and liabilities determine what impact those changes would have on cash. For example decreased does that mean the company has more cash or less cash