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Are the following statements true or false, briefly explain why below.

1) Company X is a profitable company that has been downsizing in the most recent year.

2) As is typical of public firms in the US, Company X has consistently returned cash to shareholders through stock repurchases and has avoided issuing equity. ?

3) Company X has been trying to reduce its total debt.

2. Consider the following data for Company X: Cash Flow For the Fiscal year period ending 12 months Dec-26-2018 Million USD 12 months Dec-25-2019 Million USD LTM 12 months Mar-25-2020 Million USD Currency Net Income Depreciation & Amort. Depreciation & Amort., Total 15.2 29.0 29.0 9.8 31.0 31.0 7.8 28.0 28.0 0.9 0.3 1.4 (0.2) Other Amortization (Gain) Loss From Sale of Assets (Gain) Loss From Sale of Investments Asset Writedown % Restructuring Costs Stock-Based Compenstation Other Operating Activities Change in Acc. Receivable Change in Inventories Change in Acc. Payable Change in Other Net Operating Assets Cash From Ops. 0.7 6.1 7.6 5.5 (0.5) 3.2 1.1 68.8 7.5 3.2 10.7 (0.5) 4.2 (32.0) 35.4 0.6 2.0 0.2 1.1 7.1 5.1 7.9 (0.3) 3.5 (40.6) 22.4 (10.0) 12.1 13.5 Capital Expenditure Cash Acquisitions Divestitures Invest. In Marketable & Equity Securt. Net (Increase) Decrease in Loans Originated / S Other Investing Activities Cash from Investing 0.9 2.5 3.2 (9.1) 14.6 16.7 1.4 1.4 Short Term Debt Issued Long Term Debt issued Total Debt issued Short term debt repaid Long term debt repaid Total debt repaid (0.7) (0.7) (21.0) (21.0) (17.0) (17.0) 1.2 (0.9) 9.2 (1.4) 8.8 (2.4) Issuance of Common Stock Repurchase of Common Stock Total Dividends Paid Special Dividend Paid Other Financing Activities Cash from Financing (0.8) 0.2 (2.7) (15.9) (8.8) (19.4) Net Change in Cash 59.9 34.1 19.7 Are the following statements true or false (answer in cells A 52, 54, 56)? Briefly explain why (1 paragraph at most, one sentence should be enough, answer in cells B52, 54, 56)

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