exhibits 5 15a and b show the consolidated statement of cash flows of dollarama inc for the years ended february 2 2014 and february 3 2013/

a. How did Dollarama net income in 2014 compare with the cash flows from operating activities? What was the largest difference between these two amounts?
b. Did Dollarama increase or decrease the amount of inventory in its stores between 2013 and 2014? Is this consistent with the nature of the changes reflected in the company cash flows from investing activities?
c. What effect did the change in the company accounts payable and accrued liabilities have on cash flows from operating activities in 2014? What does this tell you about the balance owed to these creditors?
d. Examine the financing activities section of Dollarama statement of cash flows and comment on the main differences between 2014 and 2013.
e. Dollarama total liabilities were $702,614 at February 2, 2014, and $522,202 at February 3, 2013. Calculate the company cash flows to total liabilities ratio and comment on whether this has improved or worsened from 2013 to 2014.
f. Calculate Dollarama net free cash flow and discuss the company ability to generate the cash required to continue to grow the company operations and repay its debt.

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