1.) Obtain the Statement of C

timer Asked: Nov 7th, 2015

Question description

1.) Obtain the Statement of Cash Flows for 2012 to 2014 using the Direct Methods in preparing the Statement of Cash Flows.

2.) Verify the net change in Cash Balance in using the Net Cash Flow in the Statement of Cash Flows. If the balances do not match precisely, what is (are) the possible reason(s) for this difference?

3.) Provide the Cash Flow from Operation using the Indirect Method and verify the result with 1).

4.) In your opinion(s) when using the free cash flow position of the firm, do you think the firm is performing well or not? Why or why not?

5.) Suppose that the firm used the LIFO inventory method currently to obtain the inventory assessments. Let the LIFO reserves be $327, $427, -$158, $305, -$108 (in millions) for the years from 2010 to 2014 respectively. What will be the cost of goods sold for the years from 2011 to 2014 if the firm applied the FIFO method instead? What is the impact of these changes on the firm's net income, assets and cash flows from operation? Show your results in calculation and interpret them

Tutor Answer

(Top Tutor) Studypool Tutor
School: Duke University
Studypool has helped 1,244,100 students
flag Report DMCA
Similar Questions
Hot Questions
Related Tags

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors