The Smith Co posted the following figures for their current accounts Beginning Ending Beginning Ending Cash $ 160 $ 333 Accounts payable $723 $2013 Accounts receivable 1975 3710 Accruals 238 453 Inventory 405 2887 Current assets $2540 $6930 Current liabilities $961 $2466 Write the answers to the following which would indicate the CHANGE in the Current accounts over the beginning and ending period A minus sign will indicate any decreases in cash or outflows No $ signs, add commas Accounts Receivable Inventory $ Payables $ Accruals $ Total $ If you knew that the business revenues had increased by 8 last year, given your answer to the Change in Current Account, would you be concerned Hint Look at the percent increase in A R and inventory figures and compare to the percentage increase in revenues Answer Yes or No The reason for this that the percent increase in receivables and inventory figures is (write in the word higher, lower, the same) as the percentage increase in revenue

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The Smith Co posted the following figures for their current accounts: Beginning Ending Beginning Ending Cash $ 160 $ 333 Accounts payable $723 $2013 Accounts

The Smith Co posted the following figures for their current accounts:

	Beginning	Ending		Beginning	Ending
Cash	$ 160	$ 333	Accounts payable	$723	$2013
Accounts receivable	1975	3710	Accruals	238	453
Inventory	405	2887
Current assets	$2540	$6930	Current liabilities	$961	$2466

Write the answers to the following which would indicate the CHANGE in the Current accounts over the beginning and ending period. A minus sign will indicate any decreases in cash or outflows. No $ signs, add commas

Accounts Receivable .

Inventory $

Payables $

Accruals_ $

Total $

If you knew that the business revenues had increased by 8% last year, given your answer to the Change in Current Account, would you be concerned? Hint: Look at the percent increase in A/R and inventory figures and compare to the percentage increase in revenues.

Answer Yes or No

The reason for this that the percent increase in receivables and inventory figures is (write in the word: higher, lower, the same) as the percentage increase in revenue.