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11.7 A. What is operating income? B. What is net income, and how does it differ from operating income? C. Why is net income called

11.7

A. What is operating income?

B. What is net income, and how does it differ from operating income?

C. Why is net income called the bottom line?

D. What is the difference between net income and cash flow?

E. Is financial condition more closely related to net income or to cash flow?

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