Refer to "A Broader Perspective" on page 598 and answer the following questions:

a. Over the last three years from which major activities (operations, investing, financing) has Johnson \& Johnson received net cash inflows and on which major activities have they spent the funds?

b. What relationship do you see between "Depreciation and amortization of property and intangibles" and "Additions of property, plant, and equipment"?

c. What were the two major sources of cash outflows to stockholders and which was larger?

d. By how much did the investments in marketable securities grow or shrink over the three-year period?

e. By how much did long-term debt grow or shrink over the three-year period?

f. If you were a stockholder, would you feel uncertain or confident that this company will be able to pay future dividends at the same rate as in the past?
g. For what reason or reasons might the company be buying back its own stock?
h. For the latest year, did the current assets (other than cash) and current liabilities go up or down?
i. From the information that is available, does it appear that the company is performing well or poorly?