accounting case 1 page

Please read the case in additional files and answer those 3 questions , do not use outside source

  • Analyze’s performance for fiscal year ended December 31, 2016 using its Consolidated Statements of Cash Flows (Exhibit 5) and Consolidated Statement of Operations (Exhibit 6). Specifically, answer the following questions:

(a) What are’s net income or loss over the three years? Comment on the company’s profitability.

(b) Comment on’s performance using cash flows from operating, investing and financing activities over the three-year period.

(c) How do you reconcile the large discrepancy between net income of $2,371 million and net cash from operating activities of $16,443 million for fiscal year ended December 31, 2016?

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