Listen Discuss the following cash flow summary table for Associated Partners &Co. Make sure your answer is not descriptive but analytical using the 3 step approach and analyzing the cash flows of the company in its entirety.(15 MARKS) Associated Partners Annual Summary Statement Cash Flown Inflows Dec 16 $ % Results for the years Ending Dec-15 $ Dec-14 $ Proceeds from operating activities 623 34.1% 1851 62.4% 2429 38.5% Sales of property plant and equipment 7 0.4% 130 2.1% Sales of marketable securities and short term Investments 1013 55.5%6 1019 34.3% 1923 30.5% Proceeds from short-term borrowings Proceeds from long term borrowings 1730 27.4% Proceeds from sale of common stock 182 10.0% 97 3.3% 95 1.5% Gains from effect of exchange rate changes on cash 6 0.1% Total Inflows 1825 100.0% $ 2967 100.0% 6313 100.0% $ Outflows Purchases of Property plant and equipment 197 13.1% 162 2.1% 209 9.5% Purchase of marketable securities and ST investments 607 40.3% 1327 17.6% 1137 51.4% Acquisitions 1 0.1% 4190 55.6% Payment of LT borrowings 0.0% 1 Repurchase of common stock-treasury stock 245 16.3% 1416 18.8% 468 21.2% Payments of dividends to shareholders 456 30.3% 434 5.8% 397 18.0% Losses from effect of exchange rates S 0.1% 1506 100.0% 7535 100.0% 2211 100.0% Total Outflows decrease) in cash and cash equivalents 319 4568 4102