orang3eph

BTW I can answer 38… High level thinking. NI is the earnings for accounting method (Earnings/Share = NI/Share). The physical cashflow we get is CFO from operations plus CFI = your cash earning for the period (Don’t need to worry about financing, since getting money from stock isn’t really earning). Therefore if the ratio is negative (NI -CFO - CFi)/(NOAaverage), then it means cash earnings (CFO+CFI) is greating than accounting earnings (NI)