Instrucctions: Write a essay

NInja Inc. is a company located in the western area of Puerto Rico dedicated to the manufacture of electronic devices. Ninja, Inc is a subsidiary of Global Ninja with base in Los Angeles, California. The company operates in Puerto Rico with tax exemption given by Department of Economic Development and Commerce, PR Government Agency. The company closes its books on December 31 of each year. At the end of 2022, its income statement reflected significant losses, and it closed with a deficit according to the balance sheet. The company has a commercial segment, separate from the company's operations, which is dedicated to the sale of manufactured electronic devices. Sales from this segment represent 30% of Ninja, Inc.'s total revenues and also closed with a loss. An operational audit of the company by CPA Raulie Maldonado found poor management supervision of its employees; use of official vehicles for personal matters by top management; donations made to candidates for political campaigns; constant use of the company's cellular phone management for personal matters; use of the WApp application to disseminate company policies and work plans. In addition, the company hired employees without the qualifications required for the position. Ninja's president will urgently travel to PR in search of alternatives to improve the corporation's operations, including the possibility of closing operations or moving them out of Puerto Rico. Ninjas president is seriously concerned and has to present to all of the Ninja's shareholders a memorandum with recommendations and the steps to be taken to save the shareholders' equity in the corporation. You are the president of Ninja Inc. and will be responsible for drafting the memorandum