Question

Exhibit 6.32 presents a statement of cash flows for Swoosh Shoes, Inc., for three years.


a. Why did Swoosh experience increasing net income but decreasing cash flow from operations during this three-year period?
b. What is the likely explanation for the changes in Swoosh’s cash flow from investing during the three-year period?
c. How did Swoosh finance its investing activities during the three-year period?
d. Evaluate the appropriateness of Swoosh’s use of short-term borrowing during2013.


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  • CreatedMarch 04, 2014
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