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Scenario (120 minutes) Sweet Tooth Co. (STC) is a privately owned manufacturer and distributor of packaged baked goods. Its products include individually packaged snack cakes,

Scenario (120 minutes) Sweet Tooth Co. (STC) is a privately owned manufacturer and distributor of packaged baked goods. Its products include individually packaged snack cakes, brownies, cookies, and donuts, and are sold in grocery, convenience, and discount stores throughout Canada. It is February 1, 2024, and the board of directors is meeting to discuss STC's financial performance. STC has incurred losses for the years ended December 31, 2022, and 2023, and the board is concerned that STC will not be able to make its next long-term debt payment, due on March 1, 2024, due to a cash shortage. The board has hired a consulting firm, Shapiro

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