Question

Sources and Use statement. Can you assist with the difference, source vs use and the values

			Beginning Cash	2538
			Net Income	8620
			Depreciation	2062
Accounts Receivable	2017 1952	2016 2029	Change in Accounts receivable
Inventory	2017 12748	2016 12549	Inventory
Other Current Assets	2017 638	2016 608	Other Current Assets
Accts Payable	2017 7244	2016 7000	Accts Payable
other Current liab	2017 6189	2016 5881	other current liabiilities
Gross PP & E	2017 22075	2016 21914	GPP&E
OTHER NON-CURR ASSETS	2017 3521	2016 3328	other NC assets

Answer 1

Increase in assets and decrease in liabilities means use of cash

Decrease in assets and increase in liabilities means sources of cash

Following is the solution:

			Beginning Cash	2538
			Net Income	8620
			Depreciation	2062
	2017	2016	Change in		Source or Use
Accounts Receivable	1952	2029	Accounts receivable	-77	Source
Inventory	2017	2016	Inventory
	12748	12549		199	Use
Other Current Assets	2017	2016	Other Current Assets	30	Use
	638	608
Accts Payable	2017	2016	Accts Payable	244	Source
	7244	7000
other Current liab	2017	2016	other current liabiilities	308	Source
	6189	5881
Gross PP & E	2017	2016	GPP&E	161	Use
	22075	21914
OTHER NON-CURR ASSETS	2017	2016	other NC assets	193	Use
	3521	3328

WORKINGS