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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