The financial statements of The North West Company Inc. are presented in Appendix A at the end

Question:

The of The North West Company Inc. are presented in Appendix A at the end of this book.
Instructions
(a) Does North West use the indirect or direct method of calculating operating activities?
(b) What was the amount of net operating cash flows reported for 2015? For 2014?
(c) From your analysis of the 2015 statement of cash flows, what was the most significant investing activity? Financing activity?
(d) What amount was reported as the increase or decrease in cash and cash equivalents on the statement of cash flows for 2015? 2014?
(e) Did North West increase its capital expenditures? How could the company afford to do this and still maintain its payments?
(f) By comparing operating, investing, and financing cash flows for 2015, describe how North West spent its operating cash flows. Was this a different approach than the one taken in 2014?
Financial Statements
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