Question: You are a management consultant and is tasked with analyzing the Ultra Cable Corporation financial statement. Its shareholders are concerned with the decline in the

You are a management consultant and is tasked with analyzing the Ultra Cable Corporation financial statement. Its shareholders are concerned with the decline in the cash book balance from $100,000 to $12,500, a $87,500 drop. Also, the stock price has declined from $35 to the current level of $25. Your job is to explain and educate the board of directors on the possible reasons for the changes, and if the shareholders concerns are valid. Remember, the company has experienced a fairly strong growth phase, but competitors are cutting into its market share and profitability

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