Your task is to examine the annual reports of both Wesfarmers Ltd and Woolworths Ltd on 2016 and present your answers to following questions in the form of an executive report which will cover quantitative performance elements in a logical cohesive format.
1. Outline the method used in presenting the statement of cash flows for each company. If the direct method is used, identify whether an appropriate reconciliation has been reported in the notes to the accounts.
2. Examine the information in relation to cash flow from operating activities, cash flow from investing activities and cash flow from financing activities retrieved from the Wesfarmers Limited and Woolworths Ltd financial reports.
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