A firm that has a series of negative earnings,sales declines and workforce reductions is likely headed to:

Question

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The series of negative earnings, sales declines, and workforce reductions indicate that the firm is not performing well financially. This can lead to financial distress, where the company is unable to meet its financial obligations and may eventually declare bankruptcy. Options A, B, and D are unlikely because the company's financial position is weak and it may not be able to afford acquisitions, mergers, or new financing.

A Firm That Has a Series of Negative Earnings,sales Declines