Week 3: Case Discussion: The Procter \& Gamble Company (P\&G) Read the Financial Reporting Problem, The Procter \& Gamble Company (P\&G) located in the Using Your Judgment section, which follows the problems at the end of the chapter. Answer one question at a time. Let the remainder of the class answer another question and then comment on the answers given, expressing why the answer was either correct or not correct and why. Financial Reporting Problem: The Proctor \& Gamble Company (P\&\&) The financial statements of P\&G are presented in Appendix B: Specimen Financial Statements: The Proctor \& Gamble Company in your textbook. The company's complete annual report, including the notes to the financial statements, is available online. Instructions Refer to P\&G's financial statements and the accompanying notes to answer the following questions. a. What balance sheet format did P\&G adopt? b. Identify the various techniques of disclosure P\&G might have used to disclose additional pertinent financial information. Which technique does it use in its financials? c. In what classifications are P\&G's investments reported? What valuation basis does P\&G use to report its investments? How much working capital did P\&G have on June 30, 2020? On June 30, 2019? d. What were P\&G's cash flows from its operating activities, investing, and financing activities for 2020? What were its trends in net cash provided by operating activities over the period 2018-2020? Explain why the change in accounts payable and in accrued and other liabilities is added to net income to arrive at net cash provided by operating activities. e. Compute P\&G's (1) current cash debt coverage, (2) cash debt coverage, and (3) free cash flow for 2017. What do these ratios indicate about P\&G's financial condition