Comparative Analysis Case adidas and Puma The financial statements of adidas (DEU) and Puma (DEU) are presented in Appendices B and C, respectively. The complete annual reports, including the notes to the financial statements, are available online.

Instructions Based on the information contained in these financial statements, determine each of the following for each company.

(a) Cash used in (for) investing activities during 2012 (from the statement of cash flows).

(b) Cash used for acquisitions and investments in unconsolidated affiliates during 2012.

(c) Total investment in unconsolidated affiliates (or investments and other assets) at the end of 2012.

(d) What information do adidas and Puma provide on the classifications of their investments?