SWORDS POWERED QUESTION 16 10 points Hasanah Manufacturing Company's most recent financial statements showed depressing performance. The income statement recorded a net loss of $10,000 and the statement of cash flows showed a net cash decrease in all categories. To address this difficult situation, Sulaiman, the company president called all the managers to a meeting and asked them to do all they could to make sure the red quarter's performance was better. As a result from the meeting, the following actions were taken by the managers Hafiz, the manager of the manufacturing division, sold off all old manufacturing equipment that are currently operating below efficient capacity. This saved the company excessive amount d depreciation and amortization expenses, also reduced the maintenance expenses on old machines that are increasing this year. In your opinion, discuss Sulaiman's action as the company president? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIVS Paragraph v Arial xx < - v 10pt 40