Refer to RadioShacks financial statements in Appendix A. Identify RadioShacks net income for the year ended December

Question:

Refer to RadioShack’s in Appendix A. Identify RadioShack’s net income for the year ended December 31, 2008. Is its net income equal to the increase in cash and cash equivalents for the year? Explain the difference between net income and the increase in cash and cash equivalents.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...