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If a firm, with zero depreciation expense, is growing and expanding its accounts receivable and inventories faster than its current operating liabilities, its cash flow

If a firm, with zero depreciation expense, is growing and expanding its accounts receivable and inventories faster than its current operating liabilities, its cash flow from operation will normally be O greater than net income less than net income O greater than the free cash flows to equity holders O greater than the change in cash
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If a firm, with zero depreciation expense, is growing and expanding its accounts receivable and inventories faster than its current operating liabilities, its cash flow from operation will normally be greater than net income less than net income greater than the free cash flows to equity holders greater than the change in cash

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