FINANCIAL STATEMNT ANALYSIS AND VALUATION

3.15 Interpreting the statement of cash flow. The Coca Cola Company (Coca-Cola), like PepsiCo, manufactures and markets a variety of beverage.
Exhibit 3.22 presents a statement of cash flow for Coca-Cola for 2006 to 2008.
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Discuss the relationship between net income and cash flow from operations and between cash flows from operation investing, and financing activities for the firm over the three year period. Identify characteristics of Coca-Cola's cash flow that you would expect for a mature company.