Cash Flows from (Used for) Operating Activities The income statement disclosed the following items for the year: The changes in the current asset and liability accounts for the year are as follows: a. Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirec method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments a. Prepare the Cash Flows from (used for) Operating Activities section of the statem of of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Statement of Cash Flows (partial) Cash fiows frnm 0. wrny is net casn nows trom operating activities different than net income? Cash flows from operating activities is based on using of accounting. A company reports the following: Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. a. Inventory turnover b. Number of days' sales in inventory days