[The following information applies to the questions displayed below.] A recent annual report for BubbliCo contained the following information for the period (dollars in milli Net income Depreciation and amortization Increase in accounts receivable Increase in inventory Increase in prepaid expense Increase in accounts payable Decrease in taxes payable Increase in other current liabilities Cash dividends paid Share repurchases $5,144 1,551 569 362 68 727 199 743 2,559 4,721 uired: ompute cash flows from operating activities for BubbliCo using the indirect method. Liet ch utflowe to En in illic
[The following information applies to the questions displayed below.] A recent annual report for BubbliCo contained the following information for the period (dollars in milli Net income Depreciation and amortization Increase in accounts receivable Increase in inventory Increase in prepaid expense Increase in accounts payable Decrease in taxes payable Increase in other current liabilities Cash dividends paid Share repurchases $5,144 1,551 569 362 68 727 199 743 2,559 4,721 uired: ompute cash flows from operating activities for BubbliCo using the indirect method. Liet ch utflowe to En in illic
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![ed information
[The following information applies to the questions displayed below.]
A recent annual report for BubbliCo contained the following information for the period (dollars in millions):
Net income
Depreciation and amortization
Increase in accounts receivable
Increase in inventory
Increase in prepaid expense
Increase in accounts payable
Decrease in taxes payable
Increase in other current liabilities
Cash dividends paid
Share repurchases
BUBBLICO
Statement of Cash Flows (Partial)
$5,144
1,551
569
362
Cash flows from operating activities:
Required:
1. Compute cash flows from operating activities for BubbliCo using the indirect method.
Note: List cash outflows as negative amounts. Enter your answers in millions.
68
727
199
743
Adjustments to reconcile net income to cash flow from operating activities:
2,559
4,721
$
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd33d4b3e-3540-4748-a207-52e8a1153785%2F1978bf52-193f-47b0-8c3e-42bdbec14932%2F1zw57j_processed.png&w=3840&q=75)
Transcribed Image Text:ed information
[The following information applies to the questions displayed below.]
A recent annual report for BubbliCo contained the following information for the period (dollars in millions):
Net income
Depreciation and amortization
Increase in accounts receivable
Increase in inventory
Increase in prepaid expense
Increase in accounts payable
Decrease in taxes payable
Increase in other current liabilities
Cash dividends paid
Share repurchases
BUBBLICO
Statement of Cash Flows (Partial)
$5,144
1,551
569
362
Cash flows from operating activities:
Required:
1. Compute cash flows from operating activities for BubbliCo using the indirect method.
Note: List cash outflows as negative amounts. Enter your answers in millions.
68
727
199
743
Adjustments to reconcile net income to cash flow from operating activities:
2,559
4,721
$
0
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