Using an internet search tool locate procter amp


Using an internet search tool, locate Procter & gamble’s investor relations web site. Under “Financial reporting,” you will find the company’s 2009 annual report. In 2009, the company reported $8.6 billion in “accrued and other liability equaled 79 billion in revenue, such that accrued and other liabilities equaled 10.9 percent of revenue. Using data provided in note 3 of the annual report, discuss why a forecast ration of 10.9 percent going forward would distort your forecast of free cash flow. How should the balance sheet be expanded to prevent this?

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Financial Accounting: Using an internet search tool locate procter amp
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