In 2010, The Brick Ltd., one of Canada's largest retailers of household furniture, reported $39 million of

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In 2010, The Brick Ltd., one of Canada's largest retailers of household furniture, reported $39 million of profit. During the same period of time, its cash provided by operating activities, of $61 million, was more than one and a half times the amount of profit. Explain how this could occur.
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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118024492

5th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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