I am writing a paper on Financial Restructuring. I am requiredto pick a company that is in trouble ofdefaulting/bankruptcy. I have chosen Toys RUs. I am required to: 1) Analyze the company’s (Toys R Us) financial history andcurrent financial situation. 2) Propose a financial restructuring proposal. It is my understanding that I need to look at all possiblefinancial statements, income statements, cash flows, and usefinancial tools to “financially restructure” and propose a “fix” tosave Toys R Us. What are the ways in which a company can turn itself aroundthrough the use of these financial restructuring methods? I am not sure what to look into exactly, and how to approachthis. I am struggling with the thought of having to write 3pages onthis…. . . .