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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:

  1. Prepare the Cash Flow Statement using the indirect method.
  2. Calculate the Net Cash provided by Operating Activities.
  3. Determine the Net Cash used in Investing Activities.
  4. Calculate the Net Cash provided by Financing Activities.
  5. Assess Procter & Gamble's overall cash flow performance.

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