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5-61 Cash Provided by Operations Clorox Company is a leading producer of laundry additives, including Clorox liquid bleach. In the 6 months ended December 31,
5-61 Cash Provided by Operations Clorox Company is a leading producer of laundry additives, including Clorox liquid bleach. In the 6 months ended December 31, 2011, net sales of $2,526 million produced net earnings of $235 million. To calculate net earnings, Clorox recorded $89 million in depreciation and amortization. Other items of revenue and expense not requiring cash decreased net earnings by $21 million. Dividends of $159 million were paid during the period. Among the changes in balance sheet accounts during the period were the following ($ in millions): Accounts receivable Inventories Accounts payable and accrued liabilities Income taxes payable $ 35 65 136 11 Decrease Increase Decrease Decrease Compute the net cash provided by operating activities using the indirect method
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