1. Explain the difference between Apple’s net cash flow from operating activities and the net income reported for 2014.

2. Evaluate why Apple experienced decreasing net income in 2013 but increasing cash flow from operating during 2012 and 2013.

3. Give an explanation for the changes in Apples cash flow from financing during the three-year period.

1. Find Apple’s largest investment using cash in 2014. What is the likely explanation for the changes in Apple’s cash flow from investing during the three-year period?

1. Evaluate why Apple experienced decreasing net income in 2013 but increasing cash flow from operating during 2012 and 2013.