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

Operating Activities
Net Income	$1,957.20
Depreciation	347.6
Cash effect of changes in:
Receivables	-69.8
Inventories	-134.7
Other Current Assets	-31
Payables	125.2
Other	43.8
Net cash provided by operations	$2,238.30

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, and Payables.

Answer rating: 100% (QA)

Based on the statement of cash flows for ColgatePalmolive we can determine the changes in the accoun... View the full answer