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2018 2019 Cash +/(-) Accounts receivable $ 535,000 $ 562,000 $ (27,000) Inventory 619,000 605,000 14,000 Prepaid expenses 38,000 43,000 (5,000) Accounts payable 516,000 562,000
2018 | 2019 | Cash +/(-) | ||
Accounts receivable | $ 535,000 | $ 562,000 | $ (27,000) | |
Inventory | 619,000 | 605,000 | 14,000 | |
Prepaid expenses | 38,000 | 43,000 | (5,000) | |
Accounts payable | 516,000 | 562,000 | 46,000 | |
Accrued expenses | 264,000 | 254,000 | (10,000) |
1) Based on the changes in these accounts, what is the change of cash from working capital in 2019?
4) If days sales in accounts receivable were reduced, is this better or worse working capital management?
5) If inventory turnover was reduced, is this better or worse working capital management?
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