Nestlé's financial statements are presented in Appendix B. Financial statements of Petra Foods are presented in Appendix

Question:

Nestlé's are presented in Appendix B. of Petra Foods are presented in Appendix C.
Instructions
(a) Based on the information contained in these determine each of the following for each company (ignore overdrafts):
(1) Cash and cash equivalents balance at December 31, 2013.
(2) Cash provided by operating activities during the most recent fiscal year shown (from the statement of cash flows).
(b) What conclusions concerning the management of cash can be drawn from these data?
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...