After reviewing the reading on the 2007-2009 Lennar Cash Flow Statements, answer the following questions: Explain how in 2008 Lennar could have a net loss on the income statement of over $1 billion yet have positive cash flows of over $1 billion in the same year. Compare the income statement to the cash flow statement for 2008. If you were an investor would reading the cash flow statements change your opinion on the financial health of Lennar (as of 2008). Explain the basis and support your opinion.

Answer rating: 100% (QA)

In 2008 Lennar Corporation experienced a net loss on its income statement of over 1 billion yet it managed to maintain positive cash flows of over 1 b... View the full answer