INTERPRETING THE STATEMENT OF CASH FLOWS. The Coca-Cola Company (Coca-Cola), like PepsiCo, manufactures and markets a variety of beverages. Exhibit 3.22 presents a statement of cash flows for Coca-Cola for 2006 to 2008.
Required Discuss the relationship between net income and cash flow from operations and between cash flows from operating, investing, and financing activities for the firm over the three- year period. Identify characteristics of Coca-Cola’s cash flows that you would expect for a mature company.