16. See the cash flow statement below (all values in thousands of dollars) (see MyFinanceLab for the

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16. See the cash flow statement below (all values in thousands of dollars) (see MyFinanceLab for the data in Excel format):

a. What were the company's cumulative earnings over these four quarters? What were its cumulative cash flows from operating activities?

b. What fraction of the cash from operating activities was used for investment over the four quarters?

c. What fraction of the cash from operating activities was used for financing activities over the four quarters?

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Fundamentals Of Corporate Finance

ISBN: 9781292018409

3rd Global Edition

Authors: Berk, Peter DeMarzo, Jarrad Harford

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