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15. Using the information from the cash flow statement of Filinvest Land Inc. (FLI) as shown below and expressed in thousands of Philippine Pesos, is

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15. Using the information from the cash flow statement of Filinvest Land Inc. (FLI) as shown below and expressed in thousands of Philippine Pesos, is its earnings of high quality if revenues is Php 13,817,084 (in thousands of Pesos) and net income is Php 3,975,945 (in thousands of Pesos) and by how much? a. Yes, by Php 1,501,213 b. No, by Php 1,501,213 c. Yes, by Php 11,342,352 d. No, by Php 11,342,352 Net cash provided by operating activities Net cash used in investing activities Net cash provided by financing activities 2,474,732 -5,786,638 7,537,182

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