What were the company's cumulative earnings over these four quarters? What were its cumulative cash flows from operating activities? b. What fraction of the cash from operating activities was used for investment over the four quarters? c. What fraction of the cash from operating activities was used for financing activities over the four quarters?

The answers are given below

Explanation:

A diagram relating to the question was gotten and the answers are provided below.

a. Cumulative earnings over four quarters will be:

= 276625 + 229066 + 194168 + 218413 = $918,272 (in $000)

Cumulative cash flow from the operating activities will be:

= 227333 + 13837 + 717808 + 254475

= $1,185,779 (in $000)

b. Total cash flows from the investing activities will be:

= 196,746 + 35,305 + 251,178 + 96,973 = $580,202 (in $000)

The fraction used in the investment of cash flow from the operating activities will be:

= (580202 ÷ 1185779) × 100

= 48.93%

c. Total cash flows from the financing activities will be:

= 462948 + 13401 + 526169 + 96143

= $172,768 (in $000)

The fraction used in the financing of cash flow from the operating activities will be:

= (172768/1185779) × 100

= 14.57%

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.

e would be the answer