Lockheed Martin Corp. reports the following in its 2016 financial statements (in millions):

a. If you forecast sales for 2017 of $49,610 million and net earnings for 2017 of $5,461 million, what dividends would you include in the projected 2017 statement of cash flows?
b. Explain where dividends would appear in the projected 2017 statement of cash flows.

Question

Lockheed Martin Corp. reports the following in its 2016 financial statements (in millions):
  
a. If you forecast sales for 2017 of $49,610 million and net earnings for 2017 of $5,461 million, what dividends would you include in the projected 2017 statement of cash flows?
b. Explain where dividends would appear in the projected 2017 statement of cash flows.

Quizplus · Accepted Answer

The Answer of Lockheed Martin Corp. reports the following in its 2016 financial statements (in millions):
  
a. If you forecast sales for 2017 of $49,610 million and net earnings for 2017 of $5,461 million, what dividends would you include in the projected 2017 statement of cash flows?
b. Explain where dividends would appear in the projected 2017 statement of cash flows.