My American magical life
Chapter 792 - 792 36 Leader 3_3

792: Chapter 36 Leader 3_3 792: Chapter 36 Leader 3_3 Eight billion in debt, enough to kill the three of them a hundred times over.

If this new boss isn’t smart, with Gru’s ‘spineless’ look, their lives might really be taken to extinguish the new boss’s rage.

“Mr.

Baiyel, have you seen this report?”

Cheng Daqi looked at the financial manager of West State Logistics, with no hostility in his eyes.

This guy clearly doesn’t seem like someone who has the guts to drain the company’s assets.

“I know, yes, Chan.”

“Alright, Gru, give him the report, come Baiyel, explain the issues to me one by one, I want to know how the debt of eight billion Dollars was accrued.

Don’t be afraid, I have patience, and I understand the desperation of being a financial department manager, just speak freely, there are no outsiders here.”

Cheng Daqi was somewhat surprised.

Not right.

Clearly my approach is warm and welcoming, why aren’t these people speaking?

In the meeting room, it was so quiet that you could hear a pin drop.

Gru handed the document to Baiyel, teasingly.

“Prepared eleven copies, ah, my bad, the company owes so much money, and here I am wasting printing paper, maybe you should dock my salary, haha.”

Cheng Daqi flipped through the report, looking up at Baiyel whose forehead was beginning to shine.

“Start.”

Baiyel cleared his throat with difficulty and began to explain each point to President Cheng.

“The net asset value section shows fifty-seven billion, but due to the time of asset evaluation and depreciation algorithms, um, and the actual receipt of advance payments…this number, might need to be discounted by twenty percent.”

He cautiously looked at President Cheng, noticing the young man still had an inscrutable smile, which made him even more nervous.

“Of course, sir, this valuation is market acceptable, everyone is pretty much the same.”

“Um, I know, it’s not your issue, continue.”

“After the discount, our net assets are only left with forty-six billion, but considering the assets and liabilities…”

Sheriff Gru quickly interrupted Baiyel’s recitation, asking,

“No, Baiyel, I’m a high school graduate, but just now you were testing me with a grade school math question.

Eighty percent of fifty-seven is not twenty!”

Cheng Daqi frowned slightly, asking,

“Everything has to be discounted by twenty percent?

Or is it more than that?”

Dear heavens, Baiyel neither wanted to deceive the new leader nor cover up, but there were things he must mention.

Thank goodness, thankfully this big BOSS seems to be clear-headed.

“Twenty percent discount is roughly it, many of our assets are fixed assets and are still quite valuable.”

Gru also understood what Baiyel meant, mumbling in complaint,

“If assets can be discounted, can our debts also be discounted?”

Cheng Daqi couldn’t help but chuckle, he shook his head, signaling Baiyel to continue.

“Well, there are also issues with our debt, Mr.

Gru, I was never clear on how to report this to you.”

The Black Police’s expression changed.

So you really do have areas where you fooled me, right?

“That’s quite rushed for time, which is understandable, I’m here today for the debt issues of West State, whatever you find uncomfortable to say, just say it directly to me.

Even if you are somewhat responsible, don’t feel burdened, we always need to look forward, Baiyel, Gru and I are different, I only look at results, that’s all.”

Baiyel, sweating profusely, took a breath, and under the shocking gazes of the other two, he revealed the truth.

“West State Logistics also has a substantial amount of hidden debt, including financial crimes by some executives, expenditures for bribing certain individuals, and special budgets that are difficult to merge into the main accounts.”

After speaking, Baiyel ignored the eyes of his two colleagues who seemed to want to eat him, and took a deep breath.

Finance is like that, you guys just commit the embezzlement, finance has much more to consider.

Cheng Daqi signaled Gru not to bite, his attitude was as good as ever, continuing to question Baiyel.

“Is that all?”

Baiyel clenched his teeth.

At this point, it doesn’t matter, worst case, I just won’t do this job anymore, but the responsibility isn’t solely on me, I’m powerless.

“The hidden debt is serious, but what’s truly severe is the cash flow!”

Grenstone, Pengte’s expressions changed even more severely than before, Pengte even used his buttocks to push up, frightenedly bouncing on his seat.

Dare you say that?

Baiyel, if you want to die, don’t drag us with you!

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