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Required: 5a. Which of the following statements is true based on the line chart that you just created? ? Each month's net income is always
Required: 5a. Which of the following statements is true based on the line chart that you just created? ? Each month's net income is always lower than its operating cash flows. ? Each month's net income is always higher then its operating cash flows ? Each month's net income always equals its operating cash flows. ? In some months the net income is higher than the operoting cash flows and in other months the opposite is true. 5b. Which of the following statements is true based on the line chart that you just created? The net income peaks in August and the operating cash flows peak in September. The net income and operating cash flows both peak in Septembet. The net income and operating cash flows both peak in August. ? The net income peaks in September and the operating cash flows peak in August. 5c. Which of the following statements is true based on the line chart that you just created? The operating cash flows are negative for each of the first seven months of the year. ? The operating cash flows lag net income. ? The net income lags operating cash flows. ? The operating cash flows are greater than zero for each of the last five months of the year
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