Expert answer:As a financial professional, you will be asked to provide financial information in the form of a memo in order to communicate it to stakeholders. Various types of financial information can be communicated in the form of a memo, including sources of cash flow, principal uses of cash flow, and an evaluation of overall cash flow.Evaluate Stone Energy Corporation cash flow based on its SEC 10-K, and you present the information in the form of a memo.To prepare:o Stone Energy Corporation’s SEC 10-K, find a copy of the firm’s Statement of Cash Flow found in Item 8, “Financial Statements and Supplementary Data,” along with the major purchases found in the Property Plant & Equipment footnote. You will evaluate the Statement of Cash Flow for this Assignment—it may be helpful to print a copy for ease of reference.Submit a 4-page memo of your findings related to cash flow. In your memo:o Identify where the primary sources of cash flow are coming in and where the principal uses of cash flow are going out in Stone Energy Corporation’s Statement of Cash Flow.o Evaluate the overall cash flow for Stone Energy Corporation sustainability (i.e., is the organization generating cash from its own operations, etc.) and summarize your findings.
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