Statement of cash flows analysis. Refer to the consolidated statements of cash flows on figure shown below of the Campbell Soup Company annual report in the appendix.

Required:
a. Identify the two most significant sources of cash from operating activities during 2011. How much of a cash source amount do these items represent?
b. What was the firm's most significant investing activity during 2011, and how much cash did this activity use or generate?
c. Identify the two most significant financing activities during 2011. What was the net effect on cash of theseitems?

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CAMPBELL SOUP COMPANY Consolidated Statements of Cash Flows (Millions) Cash flows from operating activities: Adjustments to reconcile net earnings to operating cash flow Restructuring charges. Stock-based c 12 Depreciation and amortization -..-268 25 264 144 57 Other, net. . Changes in working capital . . 108 27 (14) 28 34 (125) (14) 19 105 Accounts payable and accrued liabilities a-....... 2 Net cash provided by operating activities. Cash flows from investing activities: . 1,142,05 1.166 Purchases of plant assets ..--... Business acquired...r.. Other, net (272) (315) (345) (66) 38 Net cash used in investing activities . . Cash flows from financing activities: .261) 300)378) 495 (265) 320) (300) (728) (472) (527) Net shorn-term borrowings (repayments) . Long-term borrowings... . . 500 Treasury stock purchases ..r.... Treasury stock issuances 139 72 tax benefits on stock-based compensation.. 10 (64) Net cash used in financing activities 700 Effect of exchange rate changes on cash.. .. 49 Net change in cash and cash equivalents. .. . ..-.. . Cash and cash equivalents-beginning of period. ·.. Cash and cash equivalents-end of period. . . . . . . . . .. . .··· . . . . . .. . $ 484 556 (814) 230 203 (30) $ 254 $ 5