The chapter opener described a company that reported increases in revenues and profits, but even so, the

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The chapter opener described a company that reported increases in revenues and profits, but even so, the company’s free cash flow was negative. Explain why a profitable, expanding business may have negative free cash flow.

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Principles Of Managerial Finance

ISBN: 9781292018201

14th Global Edition

Authors: Lawrence J. Gitman, Chad J. Zutter

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