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Using the above operating activities for Costco Corporation, answer the following question: Compare the net cash provided by operations with the net income for each

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Using the above operating activities for Costco Corporation, answer the following question:

Compare the net cash provided by operations with the net income for each of the years presented in the statement of cash flows above. How do the net cash flows from operating activities compare to the net income? Have the net cash flows from operating activities been increased or decreased over time?

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Operating Activities Fiscal year is September-August. All values USD millions. 2014 2015 2016 2017 2018 Net Income before Extraordinaries 2.09B 2.41B 2.38B 2.71B 3.18B Depreciation, Depletion & Amortization 1.03B 1.13B 1.26B 1.37B 1.44B Depreciation and Depletion Amortization of Intangible Assets Deferred Taxes & Investment Tax Credit (63M) (101M) 269M (29M) (49M) Deferred Taxes (63M) (101M) 269M (29M) (49M) Investment Tax Credit 402M Other Funds Funds from Operations Extraordinaries Changes in Working Capital 265M 303M 500M 538M 3.32B 3.74B 4.3B 4.56B 5.11B 665M 547M (1.01B) 2.17B 669M Receivables 529M 699M 3.988 (1.53B) 547M 3.29B 1.56B 421M 5.77B Accounts Payable 880M 557M 4.29B 2.26B 807M 6.738 Other Assets/Liabilities Net Operating Cash Flow

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