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Suppose you are a part of the senior management of a company that is in financial distress. Which of the following issues would you focus
Suppose you are a part of the senior management of a company that is in financial distress. Which of the following issues would you focus on addressing immediately? Check all that apply. Evaluate different methods of dealing with the financial distress. Should the firm file for bankruptcy or pursue informal procedures? Identify whether the firm's inability to meet scheduled debt payments is a temporary cash flow problem or a permanent problem caused by asset values falling below debt obligations. Identify strategies for the modified distribution policy for the following year. Identify different strategies to increase revenues in the long run that will help service long-term debt. Identify whether the firm's long-run assets have suffered economic losses; if they have, then identify how the remaining value of the firm should be distributed
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