medium · Principles of Finance financial-statements-markets-wc

An analyst notices that a company's Net Income is significantly higher than its Cash Flow from Operations (CFO) for three consecutive years.

Which 'Red Flag' is most likely being signaled?

  1. The firm is paying down its debt too quickly.
  2. Aggressive revenue recognition or potential earnings management.
  3. The firm has a very high tax rate.
  4. The firm is in a period of high capital intensity.

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