"Financial Intelligence" gave examples of firms that had: 1) profit (positive net income) without cash (negative cash flow from operations) and 2) cash (positive cash flow from operations) without profit (negative net income). Discuss how noncash expenses and working capital adjustments can help explain these two scenarios.

Answer rating: 100% (QA)

1 Profit without cash When a company has positive net income but negative cash flow from operations ... View the full answer