Summarized cash flow statements for 2001 are shown below for two computer industry firms: Intel Corporation, based in Santa Clara, California, and Apple Computer, headquartered in Cupertino, California.

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Write a short report comparing the financial performance of the two companies. In what important ways were the results for both companies similar? In what important ways were the resultsdifferent?

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Intel Apple In millions) Net income Adjustments Depreciation and amortization (Increase) decrease in accounts receivable (Increase) decrease in inventories (Increase) decrease in other assets Increase (decrease) in payables Changes in taxes Other adjustments Net cash provided by operating activities Net cash provided by (used in) investing activities Net cash provided by (used in) financing activities Net change in cash Corporation Computer $1,291 S (25) 102 487 6,469 1,561 24 898 (2,484) (84) 979 8,654 (195) (3,465) 4,994 118 (416) (36) (67) 185 892 42 1,119