Question
'We made a profit of $124000, so why is there only $15 000 in the bank?', exclaimed Mr Charlton, the owner of the local fish
'We made a profit of $124000, so why is there only $15 000 in the bank?', exclaimed Mr Charlton, the owner of the local fish and chip shop. Explain to Mr Charlton the relationship between profit and cash flow, to help him understand the reason why there is such a big difference between profit and cash in the bank.
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Operations Management Processes And Supply Chains
Authors: Lee Krajewski, Naresh Malhotra, Larry Ritzman
13th Global Edition
129240986X, 978-1292409863
