Avnet, Inc. and subsidiaries is a leading distributor of electronic components, enterprise computer and storage products and embedded subsystems. The company is a vital link in the technology supply chain that connects over 300 of the world’s leading technology manufacturers and software developers. Avnet distributes products received as is or adds value before distribution. In addition the company provides engineering design, materials management and logistics services, system integration and configuration, and supply chain advisory services.*

Required

1. Using the Consolidated Statements of Cash Flows on page 139, prepare a summary analysis for the years ended June 30, 2007, 2006, and 2005. Analyze the cash flows for Avnet, Inc. for all three years.

2. Evaluate the creditworthiness of Avnet, Inc. based on only the cash flow statements.

3. What information from the balance sheet would be useful to a creditor in determining whether to loan Avnet, Inc. money?