See the cash flow statement below for H. J. Heinz (HNZ) (all values in thousands of dollars) (see MyFinanceLab for the data in Excel format):
a. What were Heinz€™s cumulative earnings over these four quarters? What were its cumulative cash flows from operating activities?

b. What fraction of the cash from operating activities was used for investment over the four quarters?
c. What fraction of the cash from operating activities was used for financing activities over the fourquarters?

Period Ending Net income Operating Activities, Cash Flows Provided By or Used In Depreciation Adjustments to net income Changes In accounts receivables Changes in liabilirties Changes in inventories Changes in other operating activities Total Cash Flow From Operating Activities Investing Activities, Cash Flows Provided By or Used in Capital expenditures Investments Other cashflows from investing activities Total Cash Flows From Investing Activities Financing Activities, Cash Flows Provided By or Used In Dividends paid Sale purchase of stock Net borrowings Other cash flows from financing activities Total Cash Flows From Financing Activities Effect of exchange rate changes Change In Cash and Cash Equivalents 29-0ct-08 30-Jul-08 228,964 30-Apr-08 194,062 30-Jan-08 276,710 218,532 69,997 14,359 (38,869) 82.816 (195,186) 17,675 227,502 75,733 (13,142 (53,218) 111,577 114,121) 26,574 (13,935) 74,570 48,826 100,732 201,725 85,028 12,692 717,635 73,173 (47,993) (84,711) 39,949 57,681 2,097) 254,534 82,584) (5,465 (108,903) (196,952) (41,634) 5,465 732 (35,437) 100,109) (93,153) (58,069) (251,331) 69,170) 48,330 20,652 96,848) (131,483) 78,774 515,709 (282) 462,718 (119,960) $373,308 (131,333) 1,210 114,766 2,000 (13,357) (610) 63,339) (119,452) 76,807) (283,696) (46,234) (526,189) 32,807 (27,078) 121,404 (79,288) 64,885 39,763 96,044) 6,890 $68,532