White's Printing Ltd.'s year end is February 28. The accounting records of White's Printing Ltd. at March 31, 2017, include the selected accounts shown below.

Required
Compute White's Printing Ltd.'s net cash inflow or outflow from operating activities during March 2017. Use the indirect method. Does White's Printing Ltd. have trouble collecting receivables or selling inventory? How can you tell?

Transcribed Image Text:

Cash Accounts Receivable Mar. 1 Collections 126,000 Payments 138,000 Sales Mar. 31 75,000 Dividend 24,000 Mar. 1 54,000 228,000 Collections 126,000 156,000 39,000 Mar. 31 Mar. 1 Purchases 111,000 Cost of sales 108,000 Mar 31 Mar. 31 Inventory 57,000 Equipment 279,000 279,000 Mar. 1 60,000 Accumulated Amortization Equipment Accounts Payable Mar. 1 Amortization 9,000 Payments 96,000 Purchases 111,000 Mar. 31 78,000 Mar. 1 42,000 87,000 Mar. 31 57,000 Accrued Liabilities Retained Earnings Mar. 1 27,000 Quarterly Mar. 1 192,000 dividend 24,000 Net income 69,000 237,000 Payments 42,000 Expenses Mar. 31 18,000 Mar. 31