Question: d . Based solely on the cash flow statements for 2 0 2 0 through 2 0 2 3 , write a brief narrative that

.

Based solely on the cash flow statements for

2020

through

2023,

write a brief narrative that describes the major activities of BigBox's management team over the period.

(

Select the best choice.

)

.

BigBox's management team has been investing heavily in capital expenditures, the payment of cash dividends, and the retirement of common stock. It has been financing them with the issuance of debt and internally generated funds.

.

BigBox's management team has been investing heavily in capital expenditures and the retirement of common stock. It has been financing them with the issuance of debt and internally generated funds.

.

BigBox's management team has been investing heavily in capital expenditures and the payment of cash dividends. It has been financing them with the issuance of debt and internally generated funds.

.

BigBox's management team has been investing heavily in capital expenditures, the payment of cash dividends, and the retirement of common stock. It has been financing them with internally generated funds.

d . Based solely on the cash flow statements for

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