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(Solved): What are financial statement characteristics of a company in distress? Support your example with 3 e ...
What are financial statement characteristics of a company in distress? Support your example with 3 examples. Also, discuss how might a company address those issues.
A distressed company's financial statement characteristics frequently show particular patterns or symptoms that point to financial problems. Three instances of these traits are provided below:(1) Falling Revenues
Over time, a company in trouble can see a constant reduction in its sales. This may appear as a declining trend in sales or operating income on the income statement.