In your web browser, search for the investor relations page of a public company you are interested in (e.g., Papa John’s investor relations). Select SEC Filings or Annual Report or Financials to obtain the 10-K for the most recent year available.*

Required:
Answer the following questions based on the annual report (10-K) that you have downloaded:
1. Which of the two basic reporting approaches for cash flows from operating activities did the company adopt?
2. What is the quality of income ratio for the most current year? What were the major causes of differences between net income and cash flow from operations?

3. What is the capital acquisitions ratio for the three-year period presented in total? How is the company financing its capital acquisitions?
4. What portion of the cash from operations in the current year is being paid to stockholders in the form of dividends?