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Hi, I need some help with thi ex. cause I don't know what to do, please answer as soon as possible, many thanks Sumitomo Metal
Hi, I need some help with thi ex. cause I don't know what to do, please answer as soon as possible, many thanks
Sumitomo Metal Industries, Ltd. is a leading diversified manufacturer of steel products. During the year ended March 31, 2011, Sumitomo has a net loss of 36 billion on revenues of approximately 1,402 billion (more than $17 billion USD). The following summarized information relates to Sumitomo's statement of cash flows: billion Compute the net cash provided by operating activities using the indirect method. All the information necessary for that task is provided together with some information related to other elements of the cash flow statement Depreciation and amortization Repayments of long-term debt Proceeds from long-term debt Other noncash revenues and expenses, net" Decrease in receivables Increase in inventories Other current, net Acquisition of PPE and other assets Increase in pavables 130 74 53 Note that the format doesn't include parentheses to differentiate elements that increase cash from those that decrease cash, but the distinction should be clear from the captions (except for Other noncash 37 14revenues and expenses, net" and "Other current 17 116 18 net", which are both increases in cash)Step by Step Solution
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