The W.T. Grant Company was the nations largest retailer until it filed for bankruptcy only one year

Question:

The W.T. Grant Company was the nation’s largest retailer until it filed for bankruptcy only one year after it had reported profits of or $20 million for more than ten Consecutive years. Yet cash flow provided by operations started dipping several years earlier and remained negative until the company’s collapse
REQUIRED
a. What kind of items might account for such a divergence between net income and cash flow provided by operations?
b. What information on the could ha provided same warning of the company’s failure?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...