The financial statements of P&G are presented in Appendix B. The companys complete annual report, including the notes to the financial statements, is available online. Refer to P&Gs financial statements and the related information in the annual report to answer the following questions.

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1. How much working capital did P&G have on June 30, 2017? On June 30, 2016? (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Enter your answer in millions.)

2. What were P&Gs cash flows from its operating, investing, and financing activities for 2017? What were its trends in net cash provided by operating activities over the period 20152017? (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Net cash provided by operating activities		$ millions		$ millions		$ millions
Net cash used in investing activities		$ millions		$ millions		$ millions
Net cash used in financing activities		$ millions		$ millions		$ millions

(Round answers to 1 decimal place, e.g. 52.7.)

P&Gs net cash provided by operating activities

increaseddecreased

by % from 2015 to 2016.

P&Gs net cash provided by operating activities

decreasedincreased

by

% from 2016 to 2017.

3. Compute P&Gs (1) current cash debt coverage, (2) cash debt coverage, and (3) free cash flow for 2017. (Round ratio values to 2 decimal places, e.g. 52.75.)

Current Cash Debt Coverage			:1
Cash Debt Coverage			:1
Free cash flow		$