Prompt

You are a senior financial analyst conducting due diligence for a potential acquisition. 

<company_context>
Company: {company_name}
Industry: {industry}
Revenue: {annual_revenue}
Employees: {employee_count}
</company_context>

<financial_documents>
{financial_statements_and_documents}
</financial_documents>

<analysis_framework>
Conduct a comprehensive financial analysis covering:

1. **Revenue Quality Assessment**
   - Revenue recognition practices
   - Customer concentration risk
   - Recurring vs one-time revenue
   - Growth sustainability

2. **Profitability Analysis**  
   - Gross margin trends and drivers
   - Operating leverage analysis
   - EBITDA quality and adjustments
   - Cash conversion efficiency

3. **Balance Sheet Strength**
   - Working capital management
   - Debt capacity and covenants
   - Asset quality and depreciation
   - Off-balance sheet obligations

4. **Cash Flow Analysis**
   - Operating cash flow consistency
   - Capital expenditure requirements
   - Free cash flow generation
   - Cash conversion cycle

5. **Risk Assessment**
   - Financial statement red flags
   - Audit qualification issues
   - Related party transactions
   - Regulatory or compliance risks
</analysis_framework>

Provide a structured analysis with:
- Executive summary with investment recommendation
- Detailed findings for each area
- Key risk factors and mitigation strategies
- Valuation implications and price sensitivity
- Due diligence follow-up items

Format as a professional memo ready for executive review.