Analysts who follow Cascade Technology recently noted that, relative the previous year, the company's operating income (EBIT) and net income had declined but its operating cash flow had increased. What could explain these changes? a. The company's depreciation expense increased O b. The company's interest expense decreased c. The company's tax rate increased d. Statements a and b are correct e. All of the statements above are correct Free Cash Flow is: a. The actual net cash, as opposed to accounting net income, which a firm generates during some period in time. O b. The profit a company would generate if it had no debt and held no operating assets. c. Equal to NOPAT plus any noncash adjustments, calculated on an after-tax basis. O d. The cash flow actually available to all investors (stockholders and debt holders) after the company has made all the investments in fixed assets, new products and working capital. O e. Value added to shareholders by management during a given year. Net Operating Profit after Tax is: a. The actual net cash, as opposed to accounting net income, which a firm generates during some period in time. b. The profit a company would generate if it had no debt and held no operating assets. c. An adjustment to EBIT to adjust operating earnings for taxes. d. The cash flow actually available to all investors (stockholders and debt holders) after the company has made all the investments in fixed assets, new products and working capital. On the Statement of Cash Flows, if the Change in Inventory is positive, the result is an increase in the cash of the firm. True False