In reviewing the financial statements of the Graceland Rock Company, you note that net income increased while
Question:
In reviewing the financial statements of the Graceland Rock Company, you note that net income increased while
cash flow from operations decreased from 2017 to 2018.
a. Explain how net income could increase for Graceland Rock Company while cash flow from operations decreased. Give some illustrative examples.
b. Explain why cash flow from operations may be a good indicator of a firm's quality of earnings.
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a Net income can increase even while cash flow from operations d...View the full answer
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