Interpreting the statement of cash flow relations. Exhibit 4.33 presents statements oi cash flow for eight companies for a recent year:

a. American Airlines (airline transportation)

b. American Home Products (pharmaceuticals)

c. Interpublic Group (advertising and other marketing services)

d. Procter & Gamble (consumer products)

e. Reebok (athletic shoes)

f. Texas Instruments (electronics)

g. Limited Brands (specialty retailing)

h. Upjohn (pharmaceuticals)

Discuss the relation between net income and cash flow from operations, and the pattern of cash flows from operating, investing, and financing activities for each firm.