Net cash provided by operating activities
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I am trying to figure out how to compute the net cash provided by operating activities and how to explain why the net cash provided by operating activities is greater than the net income?
The company had net earnings of 2,408 million in the first fiscal year ending January 28...the following info is in millions
year ended January 28, 2006
depreciation and amortization $1,409
other noncash charges affecting earnings $457
interest expense $463
provision for income taxes $ 1,452
other operating cash inflows $17
changes in noncash working capital accounts
accounts receivable 244 increase
inventories $454 increase
other assets $52 increase
accrued liabilities $351 increase
accounts payable $489 increase
income taxes payable $70 increase
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Solution Summary
The following response provides the steps to compute the net cash provided by operating activities.
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The company had a net earnings of 2,408 million in the first fiscal year ending January 28...the following info is in millions
year ended January 28, 2006
depreciation and amortization $1,409
other noncash charges affecting earnings $457
interest expense $463
provision for income taxes ...
Purchase this Solution
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