Below is the Statement of Cash Flows for Carlyle Products Inc. They have just finished their second year of operation and have approached you, the manager of the local branch of The Canadian Bank, to ask for a loan. 
Instructions
a) Do you think Carlyle Products Inc. has had a successful year? Support your answer.
b) What areas are of concern to you when reviewing their Statement of Cash Flows?
c) What other information would you like? Are there any conditions you would require before you granted them a loan?
Definitions:
Imagining Feelings
The process of mentally simulating emotions that one may not currently be experiencing, often used in empathy and perspective-taking.
Sensorimotor Stage
The first stage in Piaget's theory of cognitive development, from birth to about age 2, where infants learn about the world through their sensory impressions and motor activities.
Preoperational
Describes a stage in Piaget's theory of cognitive development where children from 2 to 7 years old engage in symbolic play and struggle with logic and understanding others' perspectives.
Concrete Operational
A stage in cognitive development where children can think logically about concrete events.
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