c. JAJ Enterprises generated 75% of cash from operations and 25% from sales of common stock in 2015. Proceeds from stock sales have contributed around the same dollar amount to cash inflows in both 2014 and 2015, but in percentage terms the amount increased in 2015 due to the low amount of CFO. A small amount of short-term debt was used in 2015. JAJ needs to sell inventories and collect on accounts receivables to reverse this trend. The firm has spent cash on purchases of property and equipment and repayment of both short and long-term debt. These are all appropriate uses of cash. The trend is upward for net income and the ending cash balance which is an adequate amount. It is important for JAJ to reverse the trend of declining CFO to continue to do well in the future