Cigna Corp. (CI) provides insurance services, and Deere & Company (DE) manufactures and sells farm and construction

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Cigna Corp. (CI) provides insurance services, and Deere & Company (DE) manufactures and sells farm and construction equipment. The following data (in millions) were adapted from recent financial statements of each company.
Cigna Corp. (CI) provides insurance services, and Deere & Company

1. Compute the difference between cash flows from operating activities and net income.
2. Express the difference in (1) as a percent of accrual net income.
Round to one decimal place.
3. Which company's accrual based net income is closer to what would be reported if the company used the cash basis? Why?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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