The income statement, balance sheet, and statement of cash flows are the three main financial statements that every business uses and are essential for a manager to review on a monthly basis. If the financials that you were analyzing showed a profit of $200,000, cash deficit of $400,000, and debt of $800,000, then what strategies would you put in place to maintain profit, increase cash flow, and decrease debt?

Answer rating: 100% (QA)

The scenario you described presents a situation where the business is profitable but struggling with cash flow and debt Here are some strategies you c... View the full answer