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Current Attempt in Progress Shown below is some information from Apple Inc.'s financial statements at the end of various years. All amounts are shown

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Current Attempt in Progress Shown below is some information from Apple Inc.'s financial statements at the end of various years. All amounts are shown in U.S. $ millions. 2021 2010 2005 Cash provided by operating cash flows $104,038 $18,595 $2,535 Cash used by investing cash flows (14,545) (13,854) (2,556) Cash provided (used) by financing cash flows (93,353) 1,257 543 Capital expenditures paid during the year 11,085 2,759 281 Dividends paid during the year 14,467 (b) Calculate the free cash flow for each year and free cash flow as a percentage of operating cash flow. (Round percentage of operating cash flow to 1 decimal place, e.g. 15.1%.) Free cash flow As a % of cash from operating cash flows 2021 % do 2010 % 2005 % Is the change in free cash flow as a percentage of operating cash flow consistent with your conclusion of what stage of its corporate life cycle Apple was at in each of the years shown above.

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