Changes in Current Operating Assets and Libbuities Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Adjust net income of $128,900 tor changes in operating assets and liablities to arrive at net cash fows from operating activities. x Friect Uy Wos Once you have calculated the changes in the current operating assets and liablivies determine what impact these changes would have on cash, For example if account 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 me company has more cash or less cash