Wong Corporation is a popular clothing retailer with 15 stores located across Canada. After five…

Wong Corporation is a popular clothing retailer with 15 stores located across Canada. After five…

Wong Corporation is a popular clothing retailer with 15 stores located across Canada. After five consecutive years of increasing sales, Wong would like to expand operations by adding 10 stores within the next three years. To help fund the expansion, Wong is seeking a loan from its bank. As Wong s bank manager, discuss the usefulness of (a) The statement of financial position and (b) The statement of cash flows, in evaluating Wong s operations.

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