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The Waterford Wax Company had the following current account activity last year. Beginning Ending Beginning Ending Cash $ 160 $ 333 Accounts payable $790 $2146

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The Waterford Wax Company had the following current account activity last year. Beginning Ending Beginning Ending Cash $ 160 $ 333 Accounts payable $790 $2146 Accounts receivable 1925 3780 Accruals 238 443 Inventory 464 2663 Current assets $2549 $6776 Current liabilities $1028 $2589 2. Calculate and display the current account detail required for the Cash from Operating Activities section of the statement of cash flows. Use a minus sign, to indicate any decreases in cash or cash outflows. Beginning Ending Charge Accounts receivable Inventory Payables Accruals Total b. If you also knew that Waterford's revenues had risen by 20% last year, would you be concerned about the firm's financial health? One be concerned about the firm's financial health because the percentage increases in receivables and Inventory is than the percentage increase in sales revenue

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