In its recent annual report, PepsiCo included the following information in its balance sheets (dollars in millions):
Question:
In its recent annual report, PepsiCo included the following information in its balance sheets (dollars in millions):
Required:
Explain the effects of the changes in inventory and accounts payable on cash flow from operating activities for the current year.
Transcribed Image Text:
Inventories Accounts payable CONSOLIDATED BALANCE SHEETS Current Year $2,947 15,017 Previous Year $2,723 14,243
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Increases in inventory cause cash flow from operations to decrease by 224 million T...View the full answer
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Related Book For
Financial Accounting
ISBN: 9781264229734
11th Edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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