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Using your own words, analyse the situation that Prem Narayan finds himself in, and suggest a solution.
Financial Statements
Systematic records that provide an overview of a company's financial condition, including balance sheets, income statements, and cash flow statements.
Account Balances
The total amount of money in a financial repository, such as a bank or investment account, at any given moment.
Financial Position
Financial position refers to the status of a company's assets, liabilities, and equity at a specific point in time, providing insight into its financial health and stability.
Retained Earnings
Represents the portion of net income that is held back by a company to reinvest in its business or pay down debt, rather than being distributed to shareholders as dividends.
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