A recent statement of cash flows for Colgate- Palmolive reported the following information (in millions of U. S. dollars):
Operating Activities
Net earnings ............ $ 1,957.2
Depreciation ............ 347.6
Cash effect of changes in
Receivables ............ (69.8)
Inventories ............ (134.7)
Other current assets .......... (31.0)
Payables .............. 125.2
Other current liabilities ........ 43.8
Net cash provided by operations ... $ 2,238.3
Required:
Based on the information reported on the statement of cash flows for Colgate- Palmolive, determine whether the following accounts increased or decreased during the period: receivables, inventories, other current assets, and payables.