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Your company experienced some cash flow issues during your last project t

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Your company experienced some cash flow issues during your last project
that caused the project to be terminated early without achieving all its original objectives. Despite being told there is nothing to worry about, you decide to investigate the company’s financial status.
1. What three financial statements should you look at first? What will they tell you?2. You find the company has assets of $12M, total equity of $6M, and net cash flow of $2M per month, what are the company’s total liabilities?3.You also note the company depreciated an asset, purchased for $8M, over seven years using the straight-line method. What is the total depreciation expense (to the nearest dollar) at the end of year 3?4.Based on the depreciation notes, you conclude that depreciation expense is:A. cash expenseB.Equal each year the asset is depreciatedC. A non-cash expenseD. A and B above

 
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