The Gap operates chains of retail clothing stores under the names of The Gap, Banana Republic, and

Question:

The Gap operates chains of retail clothing stores under the names of The Gap, Banana Republic, and Old Navy. Exhibit 3.17 presents the statement of cash flows for The Gap for Year 0 to Year 4.
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 five-year period.