Participants explore the business forces that drive and determine changes in working capital. They examine whether changes in working capital provide clear signals about a borrower's ability to service interest-bearing debt from operating cash flow. They identify the underlying reasons for changes in working capital, e.g., an increase in profitability or an increase in long-term liabilities, and their impact on a borrower's operating cash flow. Further, Participants explore the conflicting signals about operating cash flow from changes in working capital accounts on the Uniform Credit Analysis (UCA) cash flow statement. They assess the predictive usefulness of changes in working capital about subsequent operating cash flow and explore the proper use of both working capital analysis and UCA cash flow analysis in fully understanding the source of cash to service interest-bearing debt.