You are the manager of a medium-sized law firm. The managing partner has asked for a report

Question:

You are the manager of a medium-sized law firm. The managing partner has asked for a report on the state of the departments in the firm. You run the departmental management report shown in Exhibit 7€“12. After analyzing this report, answer the following questions:
a. What is the financial condition of each department?
b. Which departments are profitable? Which are not?
c. What are the net results for each department?
d. What are your recommendations for improving the firm€™s financial picture?
e. What is the financial forecast for the firm for theyear?