Q$1.$ ?For each of the years on the Statement of Cash Flows, what were the firm$?$s major sources of cash? Its major uses of cash? Q$2.$ ?For each of the years on the Statement of Cash Flows, was cash flow from operations greater than or less than net income? Explain in detail the major reasons for the difference between these two figures. Q$7.$ ?For each of the years on the Statement of Cash Flows, were the working capital $($current asset and current liability$)$ ?accounts other than cash and cash equivalents primarily sources of cash, or users of cash? Q$8.$ ?For each of the years on the Statement of Cash Flows, what other major items affected cash flows? Q$9.$ ?What was the trend in net income? Q$10.$ ?What was the trend in Cash flow from $($continuing$)$ ?operations? Q$14.$ ?What was the trend in working capital accounts? Q$15)$ ?Based on the evidence in the Statement of Cash Flows alone, what is your assessment of the financial strength of this business, why? Please answer all one by one $($and for each year$)$ ?and a short paragraph for Q$15.$ ?Exhibit $1$ ?Alpha Corporation, Consolidated Statements of Cash Flows $($$ millions$)$

193-103 Statements of Cash Flows: Three Examples Exhibit 1 Alpha Corporation, Consolidated Statements of Cash Flows ($ millions) 1991 Year Ended June 30, 1990 1989 Operating Activities Loss from continuing operations Depreciation Amortization of capitalized software Gain from sale of investments and other assets Restructuring and other unusual items, net $(377.9) 168.4 41.4 $(623.5) 220.1 $(320.6) 263.4 58.2 39.1 (16.6) (119.0) 135.5 384.1 125.3 Changes in other accounts affecting operations Accounts receivable 160.8 73.4 (45.2) Inventory 80.2 100.9 (3.0) Other current assets 17.0 (1.2) (13.0) Accounts payable and other current liabilities Other (91.3) (21.3) 41.0 2.8 14.1 (10.5) Net cash provided by continuing operations 120.3 85.8 76.5 Net cash provided by (used in) discontinued operations Net cash provided by operating activities 4.9 3.5 (29.7) 125.2 89.3 46.8 Investing Activities Investment in depreciable assets (129.7) (174.4) Proceeds from disposal of depreciable and other assets Proceeds from the sale of discontinued operations Investment in capitalized software 157.0 242.0 (303.6) 94.1 25.3 407.3 (27.8) (43.1) (59.5) Other (6.0) (13.0) 14.2 Net cash provided by (used in) investing activities 18.8 418.8 (254.8) Financing Activities (Decrease) increase in short-term borrowings Proceeds from long-term debt Payments of long-term debt (91.7) Proceeds from sale of Class B common stock Purchase of treasury stock Dividends paid Net cash provided by (used in) financing activities Effect of changes in foreign exchange rates Increase (decrease) in cash equivalents Cash and equivalents at beginning of year Cash and equivalents at end of year Do N 6 (2.6) (222.6) 139.8 44.4 167.7 305.0 (126.5) (544.8) 5.0 8.7 17.5 (.3) (.6) (18.8) (80.0) (7.2) (598.8) (26.0) 325.8 .1 1.1 (3.9) 64.1 (89.6) 113.9 169.1 258.7 144.8 $233.2 $169.1 $258.7