Cash management across time
The following information was taken from the 2008 annual report of Hewlett-Packard, a leading technology manufacturer (dollars in millions):
|
2008 |
2007 |
2006 |
|
|
Cash provided (used) by operating activities |
$14,591 |
$ ? |
$11,353 |
|
Cash provided (used) by investing activities |
(13,711) |
(9,123) |
? |
|
Cash provided (used) by financing activities |
? |
(5,590) |
(6,077) |
|
Increase (decrease) in cash |
(1,140) |
? |
2,489 |
|
Cash balance at beginning of year |
? |
16,400 |
13,911 |
|
Cash balance at end of year |
$10,153 |
$11,293 |
$ ? |
REQUIRED:
a. Compute the missing dollar amounts.
b. Comment on the company”s cash management policies across the three-year period.