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Please review the attached City meals on Wheels 2018 Audited Financial Statements Citymeals on Wheels 2018 FS FINAL.PDF and evaluate its financial health or mission
Please review the attached City meals on Wheels 2018 Audited Financial Statements Citymeals on Wheels 2018 FS FINAL.PDF and evaluate its financial health or mission execution effectiveness. According to its FY 2018's Statement of Cash Flow, Citymeals On Wheels is Sustainable because its total cash at FY 2018 is higher than FY 2017; Sustainable because its cash provided from financing activities is positive Sustainable because it didn't borrow money at FY 2018 vs it borrowed $3.5 million at FY 2017; Not sustainable because its cash provided from operating activities is still negative
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