Green Glory Corp, a garden supply wholesaler, reported cost of goods sold for th

Question

Green Glory Corp, a garden supply wholesaler,   reported cost of goods sold for the year of $80 million .





Total assets increased by $55 million,   including an increase of $5 million in inventory . Total liabilities   increased by



$45   million, increased by $45 million, including $2 million in accounts payable.   The cash paid by the companyto the suppliers is most likely closest to

















Purple   Fleur S.A, a retailer of floral products, reported cost of goods sold for the   year of $75 million. The assets increased by $55 million, but inventory   declined by $6 million Total   liabilities increased by $45 million, and accounts payable increased by $2   million. The paid by the company to its suppliers is most likely closest   to:





The first step in cash flow statement analysis should be to: A. Evaluate   consistency of cash flows

B. Determine   operating cash flow drivers
C. Identify   the major sources and uses of cash

Explanation / Answer

B. Determine operating cash flow drivers

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