Question
Reading and Interpreting Walgreen's Statement of Cash flows Refer to Walgreens' statement of cash flows shown in the chapter opener and answer the following questions
Reading and Interpreting Walgreen's Statement of Cash flows
Refer to Walgreens' statement of cash flows shown in the chapter opener and answer the following questions fpr the most recent year.
Required:
1.Which method, direct orindirect,does Walgreens use in preparing the operating activities section of its statement of cash flows?
Select an answer- indirect or direct
2. By what amount does total cash provided by operating activities differ fromnet earnings? Enter your answer in millions. $_____________Million
3. What is the largest source of cash in the Investing activities section of the statement? select an answer- decrease in inventory or return to restricted cash or investment in alliance biits
What is the largest use in the section? selelct an answer - proceeds from sales of assets or insuance of long-term debit or investment of alliance boots
what was the other large use of cash in the section? select an answer - proceeds from sales of assets or decrease in inventories or additions to property or equipment
4. What is the largest source of cash in the financeing activities section of the statement? Select an answer - procedds from sales of assets or proceeds from issuance of long-term debt
What is the largest use of cash in this section? Select an answer - stocks purchases or return of restricted cash
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