ANSWERS TO QUESTIONS

P&G’s statement of Cash Flows reports depreciation and amortization of $1,733 million in 2004, $1,703 million in 2003, and $1,693 million was charged to expense in 2002. The statement of cash flows reports the following capital expenditures: 2004, $2,024 million; 2003, $1,482 million; and 2002, $1,679 million. FINANCIAL STATEMENT ANALYSIS CASE ................
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