3.2 - Articulation of the Statement of Cash Flows with other Financial Statements: Describe how the statement of cash flow is linked to each of the other financial statements (income statement and balance sheet). Also review how the other financial statements are linked to each other. 3.8 - Computing Cash Collections from Customers. Caterpillar manufactures heavy machinery and equipment and provides financing for purchases by its customers. Caterpillar reported sales and interest revenues of $51,324 million for Year 1. The balance sheet showed current and noncurrent receivables of $15,752 million at the beginning of Year 1 and $18,448 million at the end of Year 1. Compute the amount of cash collected from customers during Year 1. 3.9. Computing Cash Payments to Suppliers. Lowe’s companies, a retailer of home improvement products, reported cost of goods sold of $31,729 million for Year 1. Its ported merchandise inventories of $7,611 million at the beginning of Year 1 and $8,209 million at the end of Year 1. It reported accounts payable to suppliers of $3,713 million at the beginning of Year 1 and $4,109 million at the end of Year 1. Compute the amount of cash paid to merchandise suppliers during Year 1.
3.2 - Articulation of the Statement of Cash Flows with other Financial Statements: Describe how the statement of cash flow is linked to each of the other financial statements (income statement and balance sheet). Also review how the other financial statements are linked to each other.
3.8 - Computing Cash Collections from Customers. Caterpillar manufactures heavy machinery and equipment and provides financing for purchases by its customers. Caterpillar reported sales and interest revenues of $51,324 million for Year 1. The balance sheet showed current and noncurrent receivables of $15,752 million at the beginning of Year 1 and $18,448 million at the end of Year 1. Compute the amount of cash collected from customers during Year 1.
3.9. Computing Cash Payments to Suppliers. Lowe’s companies, a retailer of home improvement products, reported cost of goods sold of $31,729 million for Year 1. Its ported merchandise inventories of $7,611 million at the beginning of Year 1 and $8,209 million at the end of Year 1. It reported accounts payable to suppliers of $3,713 million at the beginning of Year 1 and $4,109 million at the end of Year 1. Compute the amount of cash paid to merchandise suppliers during Year 1.
Refer to the Sunbeam Corporation Statement of Cash Flows (Exhibit 3.23 on page 205) and review the change in one item for each of the key parts of the statement (Operations, Investing, Financing). Very briefly explain what may have occurred in one items from each of the key activities (Operating, Investing, and Financing) during Year 7.
For instance:
Operations / Increase (Decrease) in accounts payable- $(1.6)
Sunbeam paid off some outstanding obligation other than short term debt. For instance, it may have paid some outstanding utility bill.
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