XYZ Bank told Bob to increase cash to $70,000 from 2016 to 2017. But cash increased...

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XYZ Bank told Bob to increase cash to $70,000 from 2016 to 2017. But cash increased from $16,566 in 2016 to just $33,411 in 2017, well short of $70,000. In this assignment, you will review six select changes in the Balance Sheet accounts, highlighted in yellow, to better understand how these individual account changes impact overall cash flows. 2017 and 2016 Comparative ASSETS Accounts Receivable Other current assets. Cash Inventory Total Current Assets Plant Property and Equipment Goodwill and other assets LIABILITIES AND EQUITY Total Assets Accrued income taxes Accounts Payable Wages Payable Total Current Liabilities Long-Term Debt: Bank Notes Total Liabilities Total Common Equity Total Liabilities and Equity 2017 $$ 33,411 $ $ $ 16,566 $ 260,205 S 318,768 S 423,819 S $ $ 2016 $ 378,236 S 41.251 $ 29.912 $ 758,686 $ 717,986 $ $ $ $ $ 413.848 14,487 $ 21.125 $ 352,740 1,512,675 S 1,403,220 $ 382.145 $ 412.565 $ $ 2,653,506 $ 2,533,771 Items 1 to 6. Note the $ value effect on Cash. Did the change in balances from one year to the next create (+) or 'use' (-) cash? Note the accounting or finance issue related to each of the six accounts reviewed. 332,004 7,862 16.815 $ $$ 356.681 $ $ 679,981 S 793,515 $ $ 1,093,829 $ 1,150,196 1,559,677 $ 1,383,575 $ 2,653,506 $ 2.533,771 71,079 (11.339) (40,700) 109,455 30.420 (119,735) 46,232 6,625 4.310 57.167 (113,534) (56,367) 176,102 119,735 Needed to foot the Cash Flow Statement all the way back to 2017 cash position. Net Income Depreciation Dividends Paid Tax $3,155,848 212,366 2,966,412 225,700 XYZ Bank told Bob to increase cash to $70,000 from 2016 to 2017. But cash increased from $16,566 in 2016 to just $33,411 in 2017, well short of $70,000. In this assignment, you will review six select changes in the Balance Sheet accounts, highlighted in yellow, to better understand how these individual account changes impact overall cash flows. 2017 and 2016 Comparative ASSETS Accounts Receivable Other current assets. Cash Inventory Total Current Assets Plant Property and Equipment Goodwill and other assets LIABILITIES AND EQUITY Total Assets Accrued income taxes Accounts Payable Wages Payable Total Current Liabilities Long-Term Debt: Bank Notes Total Liabilities Total Common Equity Total Liabilities and Equity 2017 $$ 33,411 $ $ $ 16,566 $ 260,205 S 318,768 S 423,819 S $ $ 2016 $ 378,236 S 41.251 $ 29.912 $ 758,686 $ 717,986 $ $ $ $ $ 413.848 14,487 $ 21.125 $ 352,740 1,512,675 S 1,403,220 $ 382.145 $ 412.565 $ $ 2,653,506 $ 2,533,771 Items 1 to 6. Note the $ value effect on Cash. Did the change in balances from one year to the next create (+) or 'use' (-) cash? Note the accounting or finance issue related to each of the six accounts reviewed. 332,004 7,862 16.815 $ $$ 356.681 $ $ 679,981 S 793,515 $ $ 1,093,829 $ 1,150,196 1,559,677 $ 1,383,575 $ 2,653,506 $ 2.533,771 71,079 (11.339) (40,700) 109,455 30.420 (119,735) 46,232 6,625 4.310 57.167 (113,534) (56,367) 176,102 119,735 Needed to foot the Cash Flow Statement all the way back to 2017 cash position. Net Income Depreciation Dividends Paid Tax $3,155,848 212,366 2,966,412 225,700

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