For problem 1, identify whether or not there was a "source" or "use" of cash for the specific account from the change in the amount from 2012 to 2013. For instance, 2012 receivables was $300 and 2013 receivables was $250. Thus, there was a decrease in this account by $50. Now, identify if this was a "source" or "use" of cash.

Homework Set 1: Financial Statement Analysis Name Problem 1: Sources and Uses of Cash Pioneer Inc. Balance Sheet as of December 3l Source 2013 2012 or Use Assets Cash and Mkt. Securities Receivables Inventories S 700 S500 300 400 S 1,400 S1,200 950 2,150 250 450 Total current assets 1.000 2.400 Net property and equipment Total assets Liabilities Payables Short-term debt Other current liabilities S 200 S400 250 200 S 900 S850 300 400 800 500 Total current liabilities Long-term debt Total liabilities Common stock Retained earnings S 1,7001,750 300 100 Total shareholders' equity S700 S400 Total liabilities and sh. equity S 2.400 S 2.150 200