The 2011 financial statements of Green Company include the following statement of cash flows:
GREEN COMPANY
Statement of Cash Flows
For the year ended December 31,

Required:
a. Did Green Company increase or decrease its current assets, other than cash, during 2011? Is this change consistent with an increase in sales, or a decrease in sales, during the period? Explain.
b. From an investor's point of view, has Green Company become more risky or less risky in 2011? Explain.
c. Does Green Company appear to be expanding or contracting its operations? How can you tell? What other financial statement information might you examine to determine whether the company is expanding or contracting its operations?
d. Does Green appear to be able to maintain its productive capacity without additional financing? Explain.

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Operating Net earnings Adjustments to convert to cash: S 644,000 Depreciation Gain on sale of operating assets Change in current assets other than cash Change in current liabilitios 230,000 (14,000) 120.000) 80,000 Cash provided by operations Investing $ 820,000 Purchase of operating assets Sale of operating assets 1,200,000) 400,000 Cash used for investing (800,000) Financing Issuance of shares Retirement of bonds Dividends paid 1,000,000 (1,300,000) (250,000) Cash used for financing Decrease in cash t 550,000) (530,000) S