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Required information [The following information applies to the questions displayed below.) A recent annual report for PepsiCo contained the following information for the period (dollars
Required information [The following information applies to the questions displayed below.) A recent annual report for PepsiCo contained the following information for the period (dollars in millions): $6,462 2,737 666 331 Net income Depreciation and amortization Increase in accounts receivable Increase in inventory Increase in prepaid expense Increase in accounts payable Decrease in taxes payable Increase in other current liabilities Cash dividends paid Treasury stock purchased 27 520 340 589 3,157 2,489 Required: 1. Compute cash flows from operating activities for PepsiCo using the indirect method. (List cash outflows as negative amounts. Enter your answers in millions.) PEPSICO Statement of Cash Flows (Partial) Cash flows from operating activities: Adjustments to reconcile net income to cash flow from operating activities
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