Question

Review the chapter’s opener involving TOMS and its young entrepreneurial owner, Blake Mycoskie.

Required
1. In a business such as TOMS, monitoring cash flow is always a priority. Even though TOMS now has thousands in annual sales and earns a positive net income, explain how cash flow can lag behind net income.
2. TOMS is a privately owned corporation. What are potential sources of financing for its future expansion?



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  • CreatedNovember 26, 2013
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