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A must-read for business owners.
Everyone loves a good story. If you own a business, your story can be found within the pages of your financial statements. Those seemingly ordinary numbers can reveal stories of risk lurking, new adventures beginning, promises fulfilled and growing pains survived. Financial statements consist of a balance sheet, Income statement, equity statement and cash flow statement. Together, these statements provide information about a company's revenue, expenses, assets, liabilities, equity and cash flow. This information can be used to understand the company's financial stability and its ability to meet financial obligations.
Your Looking Glass: Income statements disclose a company's profitability...