1.) Obtain the Statement of C

Sigchi4life
Category:
Business & Finance
Price: $10 USD

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

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(Top Tutor) Daniel C.
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School: UIUC
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