Ch19FFSOnline - addition for amortization. Required Answer...

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Focus on Financial Statements Online FFS 19-2 FFS 19-3 Chapter 19 Required Refer to WestJet’s cash Fow statement on page I-14 in Appendix I at the end of the text- book and answer the following questions. 1. Identify WestJet’s largest cash outFow during 2002. 2. What was the largest cash inFow during 2002? 3. Under the operating section of the cash Fow statement, WestJet shows a decrease in non-cash working capital of $38,866 (thousand). What is non-cash working capital ? 4. Compare the Cash, end of year for 2002 as it appears on the cash Fow statement to the Cash and cash equivalents balance that appears on the December 31, 2002, balance sheet. Are these amounts the same or different? Loblaw Companies Limited , with its head of±ce in Toronto, Ontario, is Canada’s largest food distributor with stores across Canada. Information from its cash Fow statement for the 52 weeks ended December 28, 2002, follow. *This section of Loblaw’s cash Fow statement begins with Net earnings and includes an
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Unformatted text preview: addition for amortization. Required Answer the following questions. 1. Does the operating activities section of Loblaws cash Fow statement reFect the direct or indirect method ? BrieFy explain your answer. 2. Calculate the change in cash and cash equivalents for both 2001 and 2002. 3. Calculate the cash and cash equivalents at December 28, 2001. 4. Determine the cash and cash equivalents at the beginning of 2002. 5. Calculate the cash and cash equivalents at December 28, 2002. ($ millions) 2002 2001 Cash fows From operating activities*. ............................... $ 981 $ 818 Cash fows used in investing activities . ............................. (978) (1,281) Cash fows From nancing activities . ................................. 245 352 Cash and cash equivalents, beginning oF period . ............... ? 686...
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