Question

Mars Electronics is a distributor for the Global Electric Company (GEC), a large manufacturer of electrical and electronics products for consumer and institutional markets. Below are the semiannual financial statements of the company for the last year and a half.
a. Prepare Mars Electronics’ cash-flow statements according to the direct method for the six months ending June 30, 2009, December 31, 2009, and June 30, 2010.
b. What accounts for the changes in the firm’s cash flows over the three periods?


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  • CreatedMarch 27, 2015
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