CASH FLOW - THE DIRECT METHOD
Required
a. Prepare the statement of cash flows with a total column for the three-year period. (Do not include reconciliation of net income to net cash provided by operating activities).
b. Comment on significant cash flow items in the statement prepared in (a).
c. Prepare the statement of cash flows for the 52 weeks ended January 1, 2011, with inflows separated from outflows. Present the data in dollars and percentages. Do not include reconciliation of net income to net cash provided by operating activities.
d. Comment on significant cash flow items on the statement prepared in (c).