Using the link, answer these questions about the company:

https://wwwimages2.adobe.com/content/dam/acom/en/investor-relations/pdfs/ADBE-10K-FY17-FINAL-CERTIFIED.pdf

1) How much was the net cash flow from operating activities? _____________________

i. Was it an inflow or an outflow of cash? ____________________

ii. What does this tell us about your assigned company?

2) How much was the net cash flow from investing activities? ____________________

i. Was it an inflow or an outflow of cash? _____________________

ii. What does this tell us about your assigned company?

3) How much was the net cash flow from financing activities? ______________________

i. Was it an inflow or an outflow of cash? ______________________

ii. What does this tell us about your assigned company?

4) Calculate the companys operating cash flow to sales for both the most recent year and the prior year using the formula provided in the textbook.

i. Show your computations. Formula:

Most recent year:

Prior year:

Explain what information this ratio provides (define), and what the results mean specifically to your company.

5) Imagine that a client has just inherited $300,000 and is considering investing in the company you have analyzed by purchasing common stock. Assume your client has to choose only one company and cannot diversify his/her investment. What is your recommendation based on the work you have completed? Buy or pass? Why?