In 2012, Clearwater Seafoods Incorporated, one of Canada's largest seafood companies, reported $22,704 thousand of profit. During

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In 2012, Clearwater Seafoods Incorporated, one of Canada's largest seafood companies, reported $22,704 thousand of profit. During the same period of time, its cash provided by operating activities, of $48,141 thousand, was more than twice the amount of profit. Explain how this could occur?
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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

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

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