a) What were Apple’s operating, investing, and financing cash flows in years 2017, 2016 and 2015? Draw a chart in Excel to show the dynamics over time among these three cash flow activity groups. Overall, how did the cash flows change from 2015 through 2017? b) Based on the analysis of the three categories (operating, investing, and financing) what are the possible explanations for the overall change in cash flows? How did the cash flows to investors (FCF), cash flows to creditors, and cash flows to shareholders change over these years?
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