1. Look at Apple's recent financial statements, tell us based on 7-step processes whether the company is matured or something else like whether 7-step could be used in analyzing and forecasting APPL.

These are the 7 steps

1. Project revenues from sales and operating activities.

2. Project operating expenses and derive projected income.

3. Project operating assets and liabilities.

4. Project the financial leverage and capital structure.

5. Project non recurring gains or losses (if any).

6. Check whether the projected balance sheet is in balance.

7. Derive the projected statement of cash flows

2. If company has forecasted growth in its earnings but its operating cashflow is declining. Provide 3 reasons for declining operating cashflow.