Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows:   Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $13,500   $16,300   Inventory 82,700   71,900   Accounts payable 29,600   24,700   Dividends payable 19,000   18,000   Adjust net income of $80,800 for changes in operating assets and liabilities to arrive at net cash flows from operating activitie

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows:

  Dec. 31, Year 2 Dec. 31, Year 1
Accounts receivable $13,500   $16,300  
Inventory 82,700   71,900  
Accounts payable 29,600   24,700  
Dividends payable 19,000   18,000  

Adjust net income of $80,800 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.

 

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