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.

Estimate the firm's projected asset values in the future and its impact on business operations.

Identify strategies for the modified dividend policy for the following year.

Identify whether the problem is an inability to service short$-$term debt or a problem where asset values will fall below the value of debt

obligations in the future.

Identify whether the firm's long$-$run assets have suffered economic losses; if they have, then identify who should bear the losses.

Estimate the worth of the business if it remains in operation versus if it were liquidated.