A recent statement of cash flows for Colgate-Palmolive reported the following information (dollars in millions): Required: Based
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Based on the information reported on the statement of cash flows for Colgate-Palmolive, determine whether the following accounts increased or decreased during the period: Receivables, Inventories, Other Current Assets, andPayables.
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Operating Activities Net income Depreciation Cash effect of changes in S1,353.4 328.7 Receivables Inventories Other current assets Payables Other (116.0) (118.5) 8.2 149.9 215.8 $1,821.5 Net cash provided by operations
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