You are evaluating two companies as possible investments. The two companies, similar in size, are commuter airlines that fly passengers up and down the West Coast. All other available information has been analyzed and your investment decision depends on the statement of cash flows.

{Requirement}
Using the information provided, identify and discuss the strengths and weaknesses for these companies that are relevant to the decision of which company to invest in. Conclude your discussion by recommending one company's shares as an investment.

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1 A Commonwealth Airlines (Comair) Limited Statement of Cash Flows For the Years Ended November 30, 2020 and 2019 B C D E F 234 56 2020 2019 10 069 Operating activities: Net income (net loss) Adjustments for non-cash items; 6 Total 7 Net cash provided by operating activities 8 Investing activities: $ (67,000) $154.000 84,000 (23,000) 17,000 131,000 Purchase of property, plani, and equipment $ (50,000) $ (91,000) Sale of long-term investments 52,000 4,000 Net cash provided by (used for) 11 investing activities 2,000 (87,000) 12 Financing activities: 13 Issuance of short-term notes payable 122,000 14 15 45 Payment of short-term notes payable Payment of cash dividends (179,000) 143,000 (134,000) (45.000) (6+,000) 16 Net cash used for financing activities (102,000) (55,000) 17 Increase (decrease) in cash (83,000) (11,000) 18 Cash balance at beginning of year 19 Cash balance at end of year 92,000 $9,000 103,000 $ 92,000 20