Access the most recent annual report available on each companys public website for two automobile manufacturers, Daimler AG (www.Daimler.com) and Fiat S.p.A. (www.fiatspa.com). (Note: Most companies provide access to their financial data through an investor relations link). After reviewing the annual report for each company, respond to the following questions:

A. Consider the statement of cash flows of each company. What were three major cash outflows for each company in each of the last two years? How did each company finance these cash outflows?

B. Consider the statement of changes in equity and the statement of cash flows for each company. Determine if each company paid dividends to its shareholders. Compare each companys dividend payments to its profit for the year. What percentage of its profit did each company pay to its shareholders in each of the last two years?