Use Standard & Poor's Market Insight Web site (www.mhhe.com/ edumarketinsight) for this problem. Qwest Communications Inc. re-

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Use Standard & Poor's Market Insight Web site (www.mhhe.com/ edumarketinsight) for this problem. Qwest Communications Inc. re- ported a $757 million loss in 2005.

a. Does this necessarily mean the company's operating activities con- sumed cash in 2005? Explain.

b. Looking at the company's 2005 Annual Statement of Cash Flows, did operating activities consume cash or generate cash? How much?

c. What was Qwest's single largest operating source of cash in 2005? Explain how this could be a source of cash.

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Analysis For Financial Management

ISBN: 9780071276269

9th International Edition

Authors: Robert C. Higgins

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