Evaluation of the cash flow statement should involve an overall assessment of the sources and uses of cash between the three main categories (operating, investing, and financing activities) as well as an assessment of the main drivers of cash flow within each category. Mark the correct sentence regarding where the major sources and uses of cash flow are between the mentioned three categories.

• a) For mature companies, financing activities should be the primary source of cash. For new companies, investing cash flows may be negative for some period.

• b) For mature companies, investing activities should be the primary source of cash. For new companies, financing cash flows may be negative for some period.

• c) For mature companies, operating activities should be the primary source of cash. For new companies, operating cash flows may be negative for some period.