The Waterford Wax Company had the following current account activity last year.

a. Calculate and display the current account detail required for the Cash from Operating Activities section of the statement of cash flows.
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? Why? (Wordsonly.)

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Beginning Ending Beginning Ending Cash Accounts receivable 1,875 3,810 Accruals Inventory Current assets $2,47 S 160 S 333 Accounts payable $722 $2,084 456 217 sets52,473 438 2,676 Curent 3 $6,819 Current liabilities S939 2,870 Curent ibilies $9539 $2 540