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Changes in current operating assets and liabilitiesindirect method Company's comparative balance sheet for current assets and liabilities was as follows: Line Item Description Jan. 29,
Changes in current operating assets and liabilitiesindirect method
Company's comparative balance sheet for current assets and liabilities was as follows:
Line Item Description | Jan. 29, 20Y2 | Jan. 29, 20Y1 |
---|---|---|
Accounts receivable | $22,900 | $21,900 |
Inventory | 61,300 | 62,000 |
Accounts payable | 11,000 | 10,500 |
Dividends payable | 22,000 | 24,000 |
Adjust net income of $110,300 for changes in operating assets and liabilities to arrive at net cash flows from operating activities :
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