principle of accounting financial statement 1

Hi,

I just need an answer as about these two questions below. Both of two questions should be written as at least 100 to 150 words.

1.

The collapse of W. T. Grant, the 17th largest retailer in the U.S. with 1,200 stores and 82,000 employees in 1975, came as a surprise to the capital markets! Why should this have not been a surprise? What got overlooked? What analysis should have happened?

2.

Discuss and explain the difference between profit/loss and cash flow. How could a company have positive cash flow, but show a net loss at year end? What are some examples of industries and/or companies that might generate subtantial cash flow, but could lose money? Conversely, what are some examples of industries and/or companies that might generate very limited cash flow, but could show a profit at year end?

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