Question: Question 41 (5 points) Use the below excerpt from the ABC Company statement of cash flows to answer a) and b) below. Operating Activities 2020

Question 41 (5 points) Use the below excerpt from the ABC Company statement of cash flows to answer a) and b) below. Operating Activities 2020 2019 Net income (Loss) Changes Change % $(1.400) 364.900) +3,500 +71.4% Depreciation and amortization 10,900 10.850 +50 +0.5% Loss on disposal of property and equipment 5,500 1,550 +3.950 +254.8% Increase (decrease) in cash resulting from changes in Accounts receivable (5.050) (4.600) -450 9.8% Inventories (17.750) (28,250) +10.500 +37.2% Accounts payable and accrued expenses 27,350 12.100 +15,250 +126.0% Cash Flow From Operating Activities $19.550 S(13.250) a) List the top three causes of the increase in CFFO from $-13,250 to $+19,550. Just list the top 3 (not 4 or 5) and no need to explain. b) Cash outflows from inventories declined in 2020. Did the absolute value of inventory on the balance sheet increase or decrease in 2020

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