Question 3: Understanding Cash FloW Statement (15 Marks) Goggle Ltd is an Internet firm that has experienced a period of vary rapid growth in revenue over the period 2012-2015. The cash flow statements for Goggle Ltd spanning the period are as follows 12 Months Ending 31/12/2015 31/12/2014 31/12/2013 31/12/2012 (S millions)(S millions)(S millions)(S millions) Net profit 4,000 1.000 600 5,600 3.000 600 50 3.650 1.500 300 50 1,850 400 150 (250) 300 reciation expense Changes in working capital Cash from operating activities 7,000 7,000 Capital expenditure 3,600) (3,600 3.300) 3,300 2.000 2,000 Cash from investing activities Interest and financing costs Total cash dividend paid Issuance (retirement) of shares Issuance (retirement) of debt 400 600 2.400 0 3.000 4,400 4.398 2,948 1,200 1.200 500) 0 Cash from financing activities Net change in caslh 2.424 350 Required 1) Based on the cash flow statements, write a brief narrative that describes the major activities of Goggle's management team over the last four years