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need help with STATEMENT CASH FLOW chart at the bottom! all the ones with x Dperating Section of Statement of Cash Flows (indirect Method) Assume
need help with STATEMENT CASH FLOW chart at the bottom! all the ones with x
Dperating Section of Statement of Cash Flows (indirect Method) Assume following are the income statement and baiance sheet for Nike for the year ended May 31,2012, and a forecasted income statement and balance \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|l|}{ Balance Sheet } \\ \hline (5 millions) & 2012 actual & 2013 Est. \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline Cash and equivalents & $2,122.9 & $3,325.4 \\ \hline Short-term investments & 642.2 & 642.2 \\ \hline Accounts receivable, net & 2,795,3 & 3,188.0 \\ \hline Inventories & 2,438,4 & 2,770.0 \\ \hline Deferred income taxes & 227.2 & 259.0 \\ \hline Prepaid expenses and other current assets & 613.3 & 680.0 \\ \hline Total current assets & 8,839.3 & 10,864,6 \\ \hline Property, plant and equipment* & 4,103.0 & 4,613.0 \\ \hline Accumulated depreciation & (2,211,9) & (2,556.9) \\ \hline Property, plant and equipment, net & 1,891,1 & 2,056.1 \\ \hline Goodwill and other current assets & 1,191,9 & 1,152.9 \\ \hline Deferred income taxes and other assets & 520.4 & 594.0 \\ \hline Total Assets & 512,442.7 & $14,667.6 \\ \hline \multicolumn{3}{|l|}{ Labilities and Equity } \\ \hline Current portion of long-term debt & 56.3 & 531.3 \\ \hline Notes payable & 177.7 & 139.7 \\ \hline Accounts payable & 1,287,6 & 1,470,0 \\ \hline Accrued liabilities & 1.761 .9 & 1,973.0 \\ \hline Income taxes payable & 88.0 & 180.0 \\ \hline Total currenc liabilities & 3,321.5 & 3,794.0 \\ \hline Longterm debt & 441.1 & 363.8 \\ \hline Deferred income taxes and other liabilities & 854.5 & 1,021,0 \\ \hline Total liabilities & 4,617,1 & 5,178.8 \\ \hline Redeemable preferred stock & 0.3 & 0.3 \\ \hline \end{tabular} - Gross property, plant arse equipment asd accumulated depreciation are inserted in the balance sheet both sre taken from footnotes to the financial staternents. Prepare the net cash flews from operating activities section of a forecasted statement of cash flows for 2013 using the indirect method. Treat current and noncurrent defecred tax assets and sabilties as operating. Operating expenses (such as cost of sales and selling and adminstrative expense) for 2013 5657 million - Enter answers using one doomal place as shown in the abowe financial statements - Use negavere yg sis with answers to show a decrease in cash. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{l} Nike, Inc. \\ STATEMENT OF CASH FLOWS (\$ MILLIONS) \\ Forecasted FOR YEAR ENDED May 31, 2013 \end{tabular}} \\ \hline Net income & & 2,148.2 \\ \hline Add (Deduct) Items to Convert Net Income & & \\ \hline Depreciation & & 309 \\ \hline Amortization & & 39 \\ \hline Accounts receivable & & (428.7) \\ \hline Inventories & & (301.6)x \\ \hline Deferred Income taxes & & (31.8) \\ \hline Prepaid expenses and other current assets & & (70.7) \\ \hline Deferred income taxes and other assets & & (73.6) \\ \hline Accounts payable & & 200.4 \\ \hline Accrued liabilities & & 265.1 \\ \hline Income taxes payable & & 52 \\ \hline Deferred income taxes and other liabilities & & 121.5 \\ \hline Net cash flow from operating activities & & 2,228.8 \\ \hline \end{tabular} Step by Step Solution
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