Question: A Ltd. reported net income of $465,000. This amount includes a deduction for amortization expense of $9,000. The following information compares account balances at the end of 2015 with the end of 2014. Cash increased by $23,000; Accounts receivable decreased by $11,000; Inventory increased by $6,700; Accounts payable decreased by $14,200. Calculate the following amounts. Label your answers (a), (b), and (c).
1. Change in working capital, and indicate whether it increased or decreased.
2. Change in non-cash working capital, and indicate whether it increased or decreased.
3. Cash from (used in) operations, and indicate whether it is positive or negative.
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