Wal-Mart The 2006 Form 10-K for Wal-Mart appears in Appendix A. Locate that Form 10-K and consider the following questions:

1. Does Wal-Mart present the three cash flow statement categories—operating, investing, and financing—in the same order as that illustrated in the chapter?

2. In 2006 Wal-Mart subtracted $456 million in arriving at cash flow from operations relating to an increase in receivables. Why would an increase in receivables be subtracted?

3. In 2006, Wal-Mart spent $14.183 billion on various investing activities. Were the cash flows from operations sufficient to pay for these investments?

4. Did Wal-Mart pay any cash dividends to common stockholders during 2006? Did Wal-Mart make any payments to common stockholders during the year?