Question 15 50 pts The following table shows the financial information of K Co. Period Ending 1/31/2017 1/31/2016 1/31/2015 Net Income 13,000,000 14,000,000 16,000,000 Total Cash Flow From 31,000,000 Operating Activities 27,000,000 28,000,000 Total Cash Flows From Investing Activities 41,000,000 -30,000,000 -40,000,000 Total Cash Flows From -18,929,000 -16,122,000 -15,071,000 Financing Activities 1. What is the free cash flows for the period ending on 1/31/2017? Is free cash flow a better performance measure for this firm than earnings? Why or Why not? Please discuss. 2. Please calculate the total amount of accruals each year, and indicate if it is a positive (increases earnings) or negative (decreases earnings) one. 3. Please discuss for the earning quality of this firm by comparing the accruals over time. Edit View Insert Format Tools Table 12pty I G . .. Paragraph B SPIRE F3 F4 F5 F6 F7 F8 F9 F10 F110 F12 Delete Back space