Question: Refer to the data on Dunn Ltd in exercise 7.35 and answer the following questions. a. Dunn Ltd's profit for 2011 and 2012 was $15

Refer to the data on Dunn Ltd in exercise 7.35 and answer the following questions.
a. Dunn Ltd's profit for 2011 and 2012 was $15 000 and $33 000 respectively. This is lower than its net cash flows from operations. Is this normal? Why?
b. The net cash flows from investing activities are negative. Is this normal? Why?
c. The net cash flows from financing activities are negative. Is this normal? Why?
d. What do you see as the most important cash activity for an entity? Why?

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