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Procter & Gamble Company Financial Information for the Year Ended December 31, 2023: Net Income: $8,200,000 Depreciation Expense: $2,100,000 Change in Working Capital: ($400,000) Purchase
Procter & Gamble Company Financial Information for the Year Ended December 31, 2023:
- Net Income: $8,200,000
- Depreciation Expense: $2,100,000
- Change in Working Capital: ($400,000)
- Purchase of New Machinery: $3,000,000
- Proceeds from Issuing Common Stock: $1,800,000
Requirements:
- Prepare the Cash Flow Statement using the indirect method.
- Calculate the Net Cash provided by Operating Activities.
- Determine the Net Cash used in Investing Activities.
- Calculate the Net Cash provided by Financing Activities.
- Assess Procter & Gamble's overall cash flow performance.
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