The following statements of cash flows are from First Solar, Inc.’s 2008 annual report:

Answer the following questions:
1. What was First Solar’s main source of cash for the most recent fiscal year?
2. Is First Solar expanding its business? What evidence on the statement of cash flows supports your opinion?
3. Did the company issue any new stock during the most recent fiscal year? Any new debt?
4. When a firm uses the direct method, it must also provide a reconciliation of net income to net cash from operating activities. What does this mean? Do you think this requirement discourages the use of the directmethod?

  • CreatedSeptember 01, 2014
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