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A recent annual report for Bubblico contained the following information for the period (dollars in millions): Net income Depreciation and amortization Increase in accounts receivable
A recent annual report for Bubblico contained the following information for the period (dollars in millions): Net income Depreciation and amortization Increase in accounts receivable Increase in inventory Increase in prepaid expense Increase in accounts payable Decrease in taxes payable Increase in other current liabilities Cash dividends paid Treasury stock purchased $ 5,142 1,562 568 359 75 733 182 749 2,549 4,738 Required: 1. Compute cash flows from operating activities for Bubblico using the indirect method. (List cash outflows as negative amounts. Enter your answers in millions.) BUBBLICO Statement of Cash Flows (Partial) Cash flows from operating activities: Adjustments to reconcile net income to cash flow from operating activities
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