Which of the following statements concerning a firm's cash flows and profits is false?

Profits are assurance that cash flow will be sufficient to maintain solvency

Managers must be at least as concerned with cash flows as with profits.

The cash flows generated in a given time period can differ from the profits reported

A company that sells merchandise at a profit might not generate cash soon enough to replenish cash flows required for continued production.

Due to required cash investments in current assets, fast-growing and profitable companies can literally "grow broke".