Please answer the following prompts and provide your thoughts and perspective:

1. When reviewing the Statement of Cashflows, what observations and conclusions can you draw about a company?

2. What are the key differences between the direct and indirect methods for preparing the Statement of Cashflows? Which method do you prefer and why?

3. From a personal finance perspective, in what ways can you use the concepts of the Statement of Cashflows to help you better manage your cash?