Question: One company's Balance Sheet shows a huge decrease in its Notes Payable (N/P) in the current year from last year. Which of the following analyses

One company's Balance Sheet shows a huge decrease in its Notes Payable (N/P) in the current year from last year. Which of the following analyses is wrong?

Group of answer choices

1. The decrease indicates that the company has made big payments of its long-term debt during the current year.

2. The decrease must have caused huge negative cash flows.

3. The decrease of the N/P will reduce the amount ($) of its future Interest Expenses.

4. The decrease must have lowered its Net Profit..

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