Question: The W.T. Grant Company was the nations largest retailer until it filed for bankruptcy only one year after it had reported profits of or $20

The W.T. Grant Company was the nation’s largest retailer until it filed for bankruptcy only one year after it had reported profits of or $20 million for more than ten Consecutive years. Yet cash flow provided by operations started dipping several years earlier and remained negative until the company’s collapse
REQUIRED
a. What kind of items might account for such a divergence between net income and cash flow provided by operations?
b. What information on the could ha provided same warning of the company’s failure?

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