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    10K analysis

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    I need to add some more to my report can you answer the following questions in regards to Sketchers USA 10K
    1. Does sketchers use the direct method for its statement of cash flows?
    2. What were Sketchers USA Inc net income (net earnings) reported for 2001 and 2002?
    3. What were Sketchers USA Inc's net cash flows from operating activities for 2001 and 2002? What accounts for the differance bettween the 2 years?

    the 10K report can be found at http://www.sec.gov/Archives/edgar/data/1065837/000095014803000702/v88731e10vk.htm#010

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    Solution Preview

    1. Does sketchers use the direct method for its statement of cash flows?

    Skechers uses the indirect method for its statement of cash flows

    2. What were Sketchers USA Inc net income (net earnings) reported for 2001 and 2002?

    The net income for 2001 is $47.270 million and for 2002 it is $47.036 million.

    3. What were Sketchers USA Inc's net cash flows from operating activities for 2001 and 2002? What accounts for the differance bettween the 2 years?

    Net cash provided by operating activities for the year ended December 31, 2002 was approximately $116.8 million, compared to cash used in operating activities of $1.7 million for the year ended December 31, 2001.
    Pls see the figures below to make an analysis of the ...

    Solution Summary

    The solution has the details for net earnings and cash flows for Sketchers USA Inc for 2001 and 2002

    $2.19

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