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See the cash flow statement Quarter ($ 000) 4 3 2 1 Net Income 276,694 228,913 194,117 218,621 Operating Activities, Cash Flows Provided By or

See the cash flow statement

Quarter ($ 000)

4

3

2

1

Net Income

276,694

228,913

194,117

218,621

Operating Activities, Cash Flows Provided By or Used In

Depreciation

70,067

75,652

74,543

73,098

Adjustments to net income

14,374

(13,025)

48,877

(48,109)

Changes in accounts receivable

(38,776)

(53,265)

100,738

(84,673)

Changes in liabilities

82,866

(111,562)

201,839

39,886

Changes in inventories

(195,134)

(114,222)

84,930

57,635

Changes in other operating activities

17,684

(26,652)

12,609

(2,198)

Total Cash Flow from Operating Activities

227,775

(14,161)

717,653

254,260

Investing Activities, Cash Flows Provided By or Used In

Capital expenditures

(82,600)

(41,686)

(99,990)

(69,107)

Investments

(5,351)

5,399

(93,098)

(48,244)

Other cash flows from investing activities

(108,930)

623

(57,979)

20,556

Total Cash Flows from Investing Activities

(196,881)

(35,664)

(251,067)

(96,795)

Financing Activities, Cash Flows Provided By or Used In

Dividends paid

(131,537)

(131,375)

(119,419)

(121,423)

Sale or purchase of stock

78,706

1,106

(76,826)

(79,236)

Net borrowings

515,800

114,744

(283,744)

64,947

Other cash flows from financing activities

( 275 )

2,042

(46,326)

39,745

Total Cash Flows from Financing Activities

462,694

(13,483)

(526,315)

(95,967)

Effect of exchange rate changes

(119,864)

( 652 )

32,819

6,974

Change in Cash and Cash Equivalents

373,724

(63,960)

(26,910)

68,472

a. What were the company's cumulative earnings over these four quarters?

The cumulative earnings were $ ___(000). (Round to the nearest integer.)

What were its cumulative cash flows from operating activities?

The cumulative cash flows from the operating activities were $___(000).(Round to the nearest integer.)

b. What fraction of the cash from operating activities was used for investment over the four quarters?

The fraction of the cash from operating activities used for investment was ____%(Round to two decimal places.)

c. What fraction of the cash from operating activities was used for financing activities over the four quarters?

The fraction of the cash from operating activities used for financing activities was ___%.(Round to two decimal places.)

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