A recent annual report for BubbliCo contained the following information for the period (dollars in millions):

Net income	$	5,161
Depreciation and amortization		1,546
Increase in accounts receivable		552
Increase in inventory		345
Increase in prepaid expense		69
Increase in accounts payable		734
Decrease in taxes payable		184
Increase in other current liabilities		742
Cash dividends paid		2,544
Treasury stock purchased		4,731

E12-15 Part 1

Required:

1. Compute cash flows from operating activities for BubbliCo using the indirect method. (List cash outflows as negative amounts. Enter your answers in millions.)

A recent annual report for BubbliCo contained the following information for the period (dollars in millions):

Net income	$	5,161
Depreciation and amortization		1,546
Increase in accounts receivable		552
Increase in inventory		345
Increase in prepaid expense		69
Increase in accounts payable		734
Decrease in taxes payable		184
Increase in other current liabilities		742
Cash dividends paid		2,544
Treasury stock purchased		4,731

E12-15 Part 2

2. Compute the quality of income ratio. (Round your answer to 2 decimal places.)