Virgin Australia went into administration, while Qantas was able to keep operating during 2020. Find any early evidence from the income statement (PL sheet in Excel), cashflow statement (CF) and balance sheet (BS) that might predict the bankruptcy of Virgin. When commenting, you may compare with Qantas whenever appropriate.To answer the questions below, please use the uploaded financial statements (spreadsheet Qantas VA.xlsx) of Qantas and Virgin
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