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A) SRC recently implemented a strategy of filing nearly all orders when the order is placed. In what year do you believe the company implemented this strategy and how is the strategy reflected in the information contained in the statement of cash flows?
b. Explain how the following items reconcile net income to net cash flows from operating activities:
c. Calculate free cash flows for each year shown.
d. How does SRC use its free cash flow? Do you think its use of free cash flows reflects good financial strategy?
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