Question

Nordstrom, the Seattle-based department store, had the following income statement for the year ended January 28, 2012 (in millions):


The company’s net cash provided by operating activities (slightly modified), prepared using the indirect method, was as follows:
Net earnings ................. $ 683
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation and amortization expenses ........ 371
Other noncash expenses .............. 117
Changes in
Accounts receivable ............... (98)
Merchandise inventories .............. (137)
Accounts payable .................. 54
Accrued salaries, wages, and related benefits ....... 6
Income taxes payable ............... (12)
Other liabilities ................... 193
Net cash provided by operating activities ...... $1,177
Prepare a statement showing the net cash provided by operating activities using the direct method.
Assume that depreciation and amortization expenses, other noncash expenses, accrued salaries, wages, and related benefits, and other liabilities relate to selling, general, and administrative expenses.


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  • CreatedNovember 19, 2014
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