Could use some help with this week’s small business discussion
Could use some help with this week’s small business discussion
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Say that you are analyzing the financial records of the business you have been thinking about buying. You discover that, although the firm has excellent current and quick asset ratios by industry standards (current assets are higher than current liabilities), its cash is low, and it hasn’t paid its bills on time. How would this influence your decision? List five steps you would take, including three questions you would ask the owner.
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