Question 7 5 pts The table below summarizes the information about a firm for its fiscal year end 2030 and 2031 2030 (in $mln) 2031 (in $mln) Inventories 1,825 1,400 Accounts receivable 2,300 2,590 Short term debt 1,100 1,380 Accounts payable 1,430 1,200 (i) Classify the changes in each item as a source and use of cash and (ii) determine by how much the firms cash would have changed from fiscal year end (FYE) 2030 to FYE 2031 Answer (show the steps calculation toward your answer)

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Question: Question 7 [5 pts] The table below summarizes the information about a firm for its fiscal year end 2030 and 2031: 2030 (in $mln) 2031

Question 7 [5 pts]

The table below summarizes the information about a firm for its fiscal year end 2030 and 2031:

	2030 (in $mln)	2031 (in $mln)
Inventories	1,825	1,400
Accounts receivable	2,300	2,590
Short-term debt	1,100	1,380
Accounts payable	1,430	1,200

(i) Classify the changes in each item as a source and use of cash and (ii) determine by how much the firms cash would have changed from fiscal year-end (FYE) 2030 to FYE 2031.

Answer (show the steps/calculation toward your answer):

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