The waterford wax company had the following current account, Ask an Expert

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The Waterford Wax Company had the following current account activity last year.

Beginning Ending Beginning Ending

Cash	$ 160	$ 333	Accounts payable	$722	$2,084
Accounts receivable	1,875	3,810	Accruals	217	456
Inventory	438	2,676
Current assets	$2,473	$6,819	Current liabilities	$939	$2,540

a. Calculate and display the current account detail required for the Cash from Operating Activities section of the statement of cash flows.

b. If you also knew that Waterford's revenues had risen by 20% last year, would you be concerned about the firm's financial health? Why? (Words only.)

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91723272

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