Westmont Industries Cash Flow Analysis
5. The comparative balance sheet of Westmont Industries at December 31, 2007, reported the following: 12/31/07 12/31/06 Current assets: Cash $10,600 $15,500 Accounts Receivable 28,600 29,300 Inventories 51,600 53,000 Prepaid expenses 4,200 3,700 Current liabilities: Notes payable (for i