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Why do companies go bankrupt? As your textbook points out on page 1374, "you may anticipate large profits tomorrow, but if you can't pay your bills today, you may not get a chance to realize those profits." With this comment in mind, is the Cash Flow statement the most important Financial Statement for a company? Why or why not?
Please respond by integrating textbook content, external sources and your own critical analysis.
Financial Statement Analysis and Preparation
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