SOLVE STEP BY STEP Your boss also asks that you write out a narrative describing Chesapeakes operations over the last four years, using just the cash flows of the firm. In the narrative, you should address some very basic questions: (a) How much cash has the firm generated from its operations? (b) How much cash has the firm been investing? (c) How has the firm financed its needs for cash?

Interpreting the Cash Flow Statement You are in your second rotation in the management training program at a firm that finance new start up and your supervisor calls you into her office on Monday morning to discuss your next training rotation. When you enter her office you are surprised to learn that you will be responsible for compiling a financial analysis of new venture. Thus, your boss asked you to practice with this Chesapeake Energy Inc. (CHK). Your boss suggests that you begin your analysis by reviewing the firm's cash flow statements for 2004 through 2007 (found below): Interpreting the Cash Flow Statement You are in your second rotation in the management training program at a firm that finance new start up and your supervisor calls you into her office on Monday morning to discuss your next training rotation. When you enter her office you are surprised to learn that you will be responsible for compiling a financial analysis of new venture. Thus, your boss asked you to practice with this Chesapeake Energy Inc. (CHK). Your boss suggests that you begin your analysis by reviewing the firm's cash flow statements for 2004 through 2007 (found below)