Financial Accounting, 8th Edition
Financial Accounting, 8th Edition
8th Edition
ISBN: 9780078025556
Author: Robert Libby, Patricia Libby, Daniel Short
Publisher: McGraw-Hill Education
Question
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Chapter 12, Problem 1CP

1.

To determine

Determine the largest item listed under “Adjustments to reconcile net income to net cash provided by operating activities”, determine the largest “Changes in assets and liabilities” in the operating section of the cash flow statement and explain the direction of its effect in the reconciliation.

2.

To determine

List the Company’s three largest uses of cash over the past three years and to list two major sources of cash for investing and financing activities.

3.

To determine

Determine the free cash flow for the year ended January 28, 2012 and to explain about the Company’s financial flexibility.

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Chapter 12 Solutions

Financial Accounting, 8th Edition

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