Home Insert Draw Page Layout Formulas Data Review View Help Tell me what you want to Wrap Text Number * Cut Copy Format Painter Clipboard Calibri 12 - A BIU...A Saste + Merge & Center. $ . % , Font Alignment Number fx 119527 2018 0 Tootsie Roll Industries Inc. 11 Statement of Cash Flows 12 Net Earnings 13 Net Cash Provided by Operating Activities 14 Net Cash Used in Investing Activities 15 Net Cash Used in Financing Activities 16 Increase in Cash and Cash Equivalents 17 Cash and Cash Equivalents at Beginning of Year 18 Cash and Cash Equivalents at End of Year Year 1 56,805 100,929 44,510 42,353 14,567 96,720 111,287 2017 Year 2 80,654 42,973 9,320 56,881 22,807 119,527 96,720 2016 Year 3 67,319 98,550 51,884 51,387 7,013 126,540 119,527 Question 1: Which method of reporting cash flows from operations does the company use? Question 2: Compare net earnings to the net cash provided by operating activities. Explain why these two figures are different. Are these two numbers trending in the same direction? What is the largest adjustment item in the operating section for the most recent year? Module 02 Module 03 Module 04 Module 06