PROBLEM J. Jill is a women's clothing retailer. The company started as a mail order company and has expanded into mall department stores. The company now receives approximately half of its revenues from mail order and half from retail outlets, Over the time period 2010 to 2012, sales increased approximately 25% Discuss the relationship between net income, working capital from operations, and cash flow from operations, and between cash flows from operating, investing, and financing activities over the three-year period CASH FLOW STATEMENT (in thousands) Cash from operations Net income Depreciation & amortization Net increase (decrease) in assets & liab 12/25/2012 12/27/2011 12/28/2010 18,434 12,672 10,623 3,996 35,461 50,739 45,725 8,7 18,663 6,6 1,396 7,02 16,131 26,659 adjustments, net 924 Net cash provided by (used in) operations ash from investments (Increase) decrease in property & plant -28,7 35,434 -64,21835,408 37,188 34,265 34,734 2,454 r cash inflow (outflow) Net cash provided by (used in) investing Cash from financing Issuances (purchases) of equity shares Increase (decrease) in borrowings Net cash provided by (used in) financing 3,14 870 7,800 1,755 6,04 1,4 778 14,55 44,734 30,152 59,287 Net change cash & cash equivalents -27,321 59.28 31 14,582 ash and cash equivalents at start of year sh and cash equivalents at year end 44.734