Reference no: EM132492528
Walgreens Co., had the following items in its financial statements for the fiscal year ended August 31, 2015 (in millions):
Net sales $42,201.6
Net earnings 1,559.5
Additions to property and equipment (1,237.56)
Depreciation and amortization 482.1
Cash dividends paid (214.5)
Other non-cash expenses 108.4
Proceeds from the surrender of corporate-owned
life insurance policy 10.1
Increase in inventories (854.0)
Proceeds from sale of short-term investments 11,519.9
Increases in trade accounts payable 276.7
Increases in other current assets (8.6)
Purchases of treasury stock (781.8)
Other cash provided by financing activities 14.4
Net proceeds from employee stock plans 177.5
Increases in accrued expenses and other liabilities 97.8
Increases in accounts receivable (224.9)
Retained earnings 8,836.3
Purchases of short tem investments (10,742.0)
Deferred income taxes (70.8)
Increases in income taxes payable 5.0
Disposition of property and equipment 15.5
Total assets 14,608.8
Cash and cash equivalents at beginning of year ????????
Cash and cash equivalents at end of year 576.8
Net increase in cash and cash equivalents 132.8
Question 1: Select the items from this list that would appear in the firm's cash flow statement and prepare the statement in proper form. Fill in the appropriate amount for cash and cash equivalents at the beginning of the year. Use the indirect method for reporting the firm's cash flows.
NOTE: Deferred income taxes are non-cash expenses, proceeds from the surrender of corporate-owned life insurance is an investing activity, and net proceeds from employee stock plans is a financing activity.