Ensuring the Going Concern of XYZ Enterprises

XYZ Enterprises, a well-established company, is facing economic challenges in the market, leading to concerns about its ability to continue operations as a going concern. The company's financial statements indicate declining revenues, increased liabilities, and a substantial net loss for the current fiscal year. This has prompted stakeholders, including investors and creditors, to question the company's viability in the long term.

The management of XYZ Enterprises is cognizant of the going concern concept, which assumes that a business will continue its operations for the foreseeable future. In response to the concerns raised, the company is taking proactive measures to address the financial challenges and reinforce its status as a going concern.

Question:

Based on the case study provided, analyze the key indicators suggesting challenges to XYZ Enterprises' status as a going concern. Evaluate the potential consequences of the company not being able to continue its operations as a going concern.