Simon has taken to increase their liquidity. Do an analysis on how these steps benefit liquidity and comment on the impact on all financial statements. For this exercise, assume Simon will have a decrease in revenue of up to 50% for this upcoming quarter and 75% for the quarter after that. What does the future look like?

for balence sheet

Assets			Q3 2019	Q4 2019	Q1 2020
		Q2 2019	8/31/19	11/30/19	2/29/20
		5/31/19
	Cash and Short Term Invs	1,202	1,153	518	1,354
	Total Receivables, Net	615	588	598	405
	Total Inventory	501	482	427	440
	Prepaid Expenses	498	468	472	687
	Restricted Cash - Current	--	--	13	--
	Other Current Assets	19	21	31	-1
	Other Curr. Assets, Total	19	21	44	-1
	Total Current Assets	2,835	2,712	2,059	2,885
	Prop./Plant/Equip. - Net	36,814	36,466	38,131	39,492
	Goodwill, Net	2,907	2,886	2,912	2,176
	Intangibles - Net	1,172	1,166	1,174	1,173
	Other Long Term Assets	784	771	782	1,217
	Total Assets	44,512	44,001	45,058	46,943
Liabilities			Q3 2019	Q4 2019	Q1 2020
		Q2 2019	8/31/19	11/30/19	2/29/20
		5/31/19
	Accounts Payable	792	695	756	904
	Accrued Expenses	1,665	1,706	1,801	1,922
	Notes Payable/ST Debt	480	238	231	1,004
	Curr. Port. LT Dbt/Cap Ls.	1,614	1,607	1,596	2,196
	Customer Advances	5,815	4,674	4,735	4,690
	Other Current Liabilities	11	12	8	--
	Other Curr. Lblts, Total	5,826	4,686	4,743	4,690
	Total Current Liabilities	10,377	8,932	9,127	10,716
	Total Long Term Debt	9,080	8,893	9,675	9,738
	Total Debt	11,174	10,738	11,502	12,938
	Other Liabilities, Total	947	881	891	2,199
	Total Liabilities	20,404	18,706	19,693	22,653
Shareholder			Q3 2019	Q4 2019	Q1 2020
Equity		Q2 2019	8/31/19	11/30/19	2/29/20
		5/31/19
	Common Stock	365	365	365	366
	Additional Paid-In Capital	8,785	8,798	8,807	8,829
	Ret. Earn.(Accum. Deficit)	25,138	26,576	26,653	25,527
	Treasury Stock - Common	-8,104	-8,261	-8,394	-8,404
	Other Equity, Total	-2,076	-2,183	-2,066	-2,028
	Total Equity	24,108	25,295	25,365	24,290
	Total Liabilities & Shareholders Equity	44,512	44,001	45,058	46,943
	Shr Outs.-Com. Primary Iss.	527	527	527	528
	Shr Outs.-Com. Stk. Iss. 2	163	160	157	157
	Ttl Comm. Shares Outs.	690	687	684	685
	Trsy. Shrs-Comm. Primary Iss.	130	130	130	130
	Trsy. Shrs-Comm. Iss. 2	54	57	60	60

and cash flow

Q2 2019 5/31/19 Q3 2019 8/31/19 Q4 2019 11/30/19 Q1 2020 2/29/20 787 -781 2,567 1,607 1,059 2,990 2,160 26 570 37 89 115 -114 O -101 Net Income Depreciation Depletion Unusual Items Other Non-Cash Items Non-Cash Items Accounts Receivable Inventories Prepaid Expenses Accounts Payable Accrued Expenses Changes in Working Capital Total Cash from Operations Plus: Cash from/Used by Investing Activities Values displayed are in millions. 1,062 -53 1,009 21 -15 - 120 148 120 79 -302 -220 -254 68 -25 34 80 48 1,286 3,169 63 147 4,414 119 211 5,476 917 Q3 2019 Q2 2019 5/31/19 -3,021 8/31/19 -3,448 Q4 2019 11/30/19 -5,429 Q1 2020 2/29/20 -1,326 226 0 -6 -6 122 -61 Capital Expenditures Sale of Fixed Assets Investment, Net Other Investing Cash Flow Other InvestCashFlowltms, Tot Total Cash from Investing Plus: Cash from/Used by Financing Activities Values displayed are in millions. 103 103 -2,918 131 132 152 -5,277 165 - 1,161 -3,317 Q1 2020 2/29/20 -25 Financing Cash Flow Items Total Cash Dividends Paid Iss (Retirmnt) of Stock, Net Short Term Debt, Net Long Term Debt Issued Long Term Debt Reduction Long Term Debt, Net Iss (Retirmnt) of Debt, Net Total Cash From Financing Equals: Increase/Decrease in CashValues displayed are in millions. Q2 2019 5/31/19 -43 -694 -316 -357 1,722 -338 1,384 1,027 -26 Q3 2019 8/31/19 -49 - 1,041 -472 -600 1,722 -472 1,250 Q4 2019 11/30/19 -83 - 1,387 -603 -605 3,674 - 1,651 2,023 1,418 -344 -12 779 823 - 132 691 1,470 1,089 650 -912 -655 Q2 2019 5/31/19 Foreign Exchange Effects Net Change in Cash NetCash-BeginBal/RsvdforFul NetCash-EndBal/RsrvforFutu Depreciation, Supplemental 220 996 1,215 1,059 Q3 2019 8/31/19 -11 174 996 1,170 1,607 Q4 2019 11/30/19 -9 -465 996 530 2,160 Q1 2020 2/29/20 -7 838 530 1,368 570 Q2 2019 5/31/19 Q3 2019 8/31/19 Q4 2019 11/30/19 Q1 2020 2/29/20 787 -781 2,567 1,607 1,059 2,990 2,160 26 570 37 89 115 -114 O -101 Net Income Depreciation Depletion Unusual Items Other Non-Cash Items Non-Cash Items Accounts Receivable Inventories Prepaid Expenses Accounts Payable Accrued Expenses Changes in Working Capital Total Cash from Operations Plus: Cash from/Used by Investing Activities Values displayed are in millions. 1,062 -53 1,009 21 -15 - 120 148 120 79 -302 -220 -254 68 -25 34 80 48 1,286 3,169 63 147 4,414 119 211 5,476 917 Q3 2019 Q2 2019 5/31/19 -3,021 8/31/19 -3,448 Q4 2019 11/30/19 -5,429 Q1 2020 2/29/20 -1,326 226 0 -6 -6 122 -61 Capital Expenditures Sale of Fixed Assets Investment, Net Other Investing Cash Flow Other InvestCashFlowltms, Tot Total Cash from Investing Plus: Cash from/Used by Financing Activities Values displayed are in millions. 103 103 -2,918 131 132 152 -5,277 165 - 1,161 -3,317 Q1 2020 2/29/20 -25 Financing Cash Flow Items Total Cash Dividends Paid Iss (Retirmnt) of Stock, Net Short Term Debt, Net Long Term Debt Issued Long Term Debt Reduction Long Term Debt, Net Iss (Retirmnt) of Debt, Net Total Cash From Financing Equals: Increase/Decrease in CashValues displayed are in millions. Q2 2019 5/31/19 -43 -694 -316 -357 1,722 -338 1,384 1,027 -26 Q3 2019 8/31/19 -49 - 1,041 -472 -600 1,722 -472 1,250 Q4 2019 11/30/19 -83 - 1,387 -603 -605 3,674 - 1,651 2,023 1,418 -344 -12 779 823 - 132 691 1,470 1,089 650 -912 -655 Q2 2019 5/31/19 Foreign Exchange Effects Net Change in Cash NetCash-BeginBal/RsvdforFul NetCash-EndBal/RsrvforFutu Depreciation, Supplemental 220 996 1,215 1,059 Q3 2019 8/31/19 -11 174 996 1,170 1,607 Q4 2019 11/30/19 -9 -465 996 530 2,160 Q1 2020 2/29/20 -7 838 530 1,368 570