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NEED HELP HW DUE TONIGHT!! 192 248 161 (50) 52 # # # 198 19 (43) 511 XYZ Company Statement of Cash Flows For the
NEED HELP HW DUE TONIGHT!!
192 248 161 (50) 52 # # # 198 19 (43) 511 XYZ Company Statement of Cash Flows For the Year Ending November 30, 2021 in millions) 2021 2020 Operating Activities Net income $5,503 $4,946 Adjustments to reconcile to cash provided by operations: Depreciation and amortization 1,415 1,276 Other noncash expenses Changes in operating working capital items: Increase in Accounts receivable Increase in Inventories (50) Increase (Decrease) in Accounts payable 36 (40) Increase in Income taxes payable 55 Increase (Decrease) in Other accrued liabilities Cash provided by operations $6,342 Investing Activities Capital expenditures 2,730 (2,136) Purchases of other businesses 186 (183) Sales of other businesses and property 378 Other uses of cash for investing activities (115) Cash used for investing activities B Financing Activities Net short-term borrowings 261 Long-term financing issuances 1,367 1,932 Long-term financing repayments 624 (1,147) Treasury stock purchases 3,363 (2,699) Common stock dividends 2,610 (2,408) Other sources of financing 436 590 Cash used for financing activities (3,729) Cash and equivalents increase (decrease) 591 Cash and equivalents beginning of year 1,796 Cash and equivalents at end of year $2,353 Required: 1. Parentheses (signs) have been removed from the 2021 statement of cash flows. Determine which items should be negative, mark them and determine the values for letters A through F. (20 points) 2. Suppose the balance in Retained Earnings at November 30, 2020, was $33,812 million. Determine the Retained Earnings balance at November 30, 2021, assuming that all dividends declared were paid in cash in 2021. (5 points) 166 (2,056) 3 D E F
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