The 2019 statement of cash flows for Macy's reports (dollars in millions) net cash from operating activities
Question:
The 2019 statement of cash flows for Macy's reports (dollars in millions) net cash from operating activities of $1,735 (2019), $1,976 (2018), and $1,801 (2017). Included on the statement of cash flows (indirect method) in the computation of net cash from operating activities are adjustments for inventory of ($87) in 2019, ($221) in 2018, and ($107) in 2017.
INSTRUCTIONS:
Explain the nature of these adjustments and what they tell us about Macy's inventory balances in 2019, 2018, and 2017. Discuss the cash flow implications of these inventory adjustments.
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The 2019 statement of cash flows for Macys reports dollars in millions net cash from operating activities of 1735 2019 1976 2018 and 1801 2017 Included on the statement of cash flows indirect method i...View the full answer
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