cap investment

问题如下：

The first step in reviewing a company’s capital investments is to:

选项：

evaluate management’s investments

identify operating cash flow drivers

determine the major sources and uses of cash

解释：

C is correct. Before a review of a company’s capital investments, the first step is to determine the company’s sources and uses of capital on a historical basis.
A and B are incorrect, because both take place after the analyst has identified the company’s sources and uses of cash and determined what to focus on.