Question: Inferring Balance Sheet Changes from the Cash Flow Statement (Indirect Method) A recent statement of cash flows for Colgate-Palmolive reporting the following information (dollars in
Inferring Balance Sheet Changes from the Cash Flow Statement (Indirect Method)
A recent statement of cash flows for Colgate-Palmolive reporting the following information (dollars in millions):
| Operating Activites | |
| Net Income | $1,957.20 |
| Depreciation | 347.6 |
| Cash effect of changes in Receiveables Inventories Other Current Assets Payables Other |
-69.8 -134.7 -31 125.2 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.
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