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(Analyzing the cash flow statement) The cash flow statements for retailing giant BigBox, Inc. spanning the period 20132016 are found here: Answer the following questions using the information found in these statements a. Did BigBox generate positive cash flow from its operations? b. How much did BigBox invest in new capital expenditures over the period? c. Describe BigBox's sources of financing in the financial markets over the period d. Based solely on the cash flow statements for 2013 through 2016, write a brief narrative that describes the major activities of BigBox's management team over the period ata Table (USS millions) 12/31/2016 12/31/2015 Net income $13,000 $12,000 Depreciation expense 6,500 6,300 Changes in working capital 1,200 2.300 Cash from operating activities $20,700 $20,600 Capital expenditures $(16,000) $(14,500) Cash from investing activities $(16,000) $(14,500) Interest and financing cash flow items $(350) $(250) Total cash dividends paid (3,600) (2.800) Issuance (retirement) of stock (8,000) (1500) Issuance (retirement) of debt 1,500 (100) Cash from financing activities $(10,450) $(4,650) Net change in cash $(5.750) $1.450 (Click on the icon in order to copy its contents into a spreadsheet) 12/31/2014 $11,000 5,000 2,400 $18.400 $(14.000) $(14,000) $(350) (2.500) (3.600) 4,000 $12.450) $1.950 12/31/2013 $10,000 4,000 1,000 $15,000 $(12.300) $(12,300) $100 (2 200) (4,500) 4,100 $(2.500) $200 (Analyzing the quality of firm earnings) Kabutell, Inc. had net income of $700,000, cash flow from financing activities of $50,000, depreciation expenses of $40,000, and cash flow from operating activities of $650.000 a. Calculate the quality of earnings ratio. What does this ratio tell you? b. Kabutell, Inc reported the following in its annual reports for 2011-2013 (5 million) 2011 2012 2013 Cash Flow from Operations $480 $403 $472 Capital Expenditures (CAPEX) $457 $449 $458 (Click on the icon in order to copy its contents into a spreadsheet.) Calculate the average capital acquisitions ratio over the three-year period How would you interpret these results? a. What is Kabutell's quality of earnings ratio? % (Round to one decimal place.)

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