Presented below are cash flow data for the Miller Corporation. During this period of time, the manufacturer and retailer of athletic shoes and sportswear experienced a $1200$ percent growth in net income. REOUIRED: a$)$ Explain why the cash flow from operations is negative. b$)$ How did the company finance its operations during the three$-$year period? Explain the logic of this strategy. c$)$ Depreciation expense as a percent of net income is only two to three percent during this period. What might explain this?Presented below are cash flow data for the Miller Corporation. During this period of

retailer of athletic shoes and sportswear experienced a $1200$ percent growth in net income.

REOUIRED:

a$)$ Explain why the cash flow from operations is negative.

b$)$ How did the company finance its operations during the three$-$year period? Explain the logic of this strategy.

c$)$ Depreciation expense as a percent of net income is only two to three percent during this period. What might

explain this?