Business financial position is not static

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A business’s financial position is not static. Assets and liabilities fluctuate every time a product is sold. What things should you look for when you look at the changing financial position in a small business? What items should you look for in your particular business? It has been said: “if a small firm is making a profit, there is no danger of its failing.” Do you agree or not? Why?

Reference no: EM131847779

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