1. The Waterford Wax Company had the following current account activity last year. a. Calculate and display...

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

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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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Practical Financial Management

ISBN: 9780324422634

5th Edition

Authors: William R. Lasher

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Question Posted: Oct 17, 2024 08:01 AM

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1. The Waterford Wax Company had the following current account activity last year. a. Calculate and display...

Question:

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

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Practical Financial Management

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