Question: A recent statement of cash flows for Colgate-Palmolive reported the following information (dollars in millions): Required: Based on the information reported on the statement of

A recent statement of cash flows for Colgate-Palmolive reported the following information (dollars in millions):

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, andPayables.

Operating Activities $1,957.2 Net income 347.6 Depreciation Cash effect of changes in Receivables (69.8) (134.7) (31.0) Inventories Other current assets Payables Other 125.2 43.8 $2,238.3 Net cash provided by operations

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