Compute cash flows from accrual numbers
Excerpts from the 2008 financial statements of SUPERVALU supermarkets are as follows (dollars in millions):
|
2008 |
2007 |
|
|
Sales |
$44,564 |
$44,048 |
|
Cost of sales |
34,451 |
33,943 |
|
Accounting receivable |
887 |
965 |
|
Inventory |
2,709 |
2,776 |
|
Accounts payable |
2,441 |
2,579 |
Compute estimates of cash receipts from customers and cash payments to suppliers. Assume that all sales are on account and that accounts payable includes only accounts with suppliers.