Locate the 2009 Form 10-K for Wal-Mart in Appendix A and consider the following questions:
1. Does Wal-Mart present the three cash flow statement categories—operating, investing, and financing—in the same order as that illustrated in the chapter?
2. In fiscal year 2009, Wal-Mart subtracted $101 million in arriving at cash flow from operations relating to an increase in receivables. Why would an increase in receivables be subtracted?
3. In fiscal year 2009, Wal-Mart spent $10.742 billion on various investing activities. Were the cash flows from operations sufficient to pay for these investments?
4. Did Wal-Mart pay any cash dividends to common stockholders during fiscal year 2009? Did Wal-Mart make any other payments to common stockholders during the year?