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Background information: Anne Schippel, business banker, is analyzing Dry Supplys financial statements and has complied a statement of cash flows for 20xz. The operating activities

Background information:

Anne Schippel, business banker, is analyzing Dry Supplys financial statements and has complied a statement of cash flows for 20xz. The operating activities section is show below.

DRY SUPPLY STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 12/31/20XZ ($ IN $000s)

CASH FLOW FROM OPERATING ACTIVITES

Cash flow from operating activities

Net Income $ 23

Adjustments to reconcile ne

Income to net cash depreciation 13

Changes in current assets and current liabilities

Accounts receivable (increase) decrease 1

Inventory (increase) decrease 5

Accounts payable trade increase

(Decrease) (15)

Income taxes payable increase (decrease) 1

Accrued bonuses increase (decrease) 1

Net cash provided by operating activities $29

What are some questions Anne Schippel might ask Dry Supply to better understand the operating cash flows of the business?

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