The CEO of Cassette Tape Manufacturers is pleased because the
The CEO of Cassette Tape Manufacturers is pleased because the company's cash flows from operations exceed net income. He considers this a sign of success. Cassette Tape's statement of cash flows shows the following operating cash flows:
Required
Discuss whether the CEO should be pleased with the operating cash flows. Specifically, what items may indicate that Cassette Tape has a potential problem?
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