How is it possible for a company to show positive net income but go bankrupt?

Finance
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#1

There are several reasons why company go to bankruptcy while having a good profit in financial statements.

Bankruptcy means company dint have enough cash to run their day to day activities, not enough cash to pay, Banks, Payable, Suppliers, Salaries etc

1: Company are showing fake sales,

2: Company having More sales on Credit

3: Company delaying payments to payable,s due to cash flow.

4: Due to Lack of reserves.

infect due to less cash cash equivalent.

there are major companies in world which are having good profits, good will and a worldwide brands but gone bankrupt.