Statement #1: Cold Goose's net collection of inventory items increased by more than the firm's sales between Years 1 and 2.
This statement is because:
The accruals balance decreased by $117 million between Years 1 and 2
Total inventories of raw materials, work-in-process, and final goods decreased by $495 million between Year 1 and Year 2
Total inventories of raw materials, work-in-process, and final goods increased from $1,980 million to $2,475 million between Year 1 and
Year 2