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Significance of the breakeven point for a business

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Reference no: EM132868812

Assume your roommate is a history major. They just went to a business workshop and learned about financial management. Your roommate wants you to define and tell the purpose of the 1. income statement; 2. balance sheet and 3. statement of cash flows. They also want to know the significance of the breakeven point for a business. Next they ask you to define these types of ratios; liquidity, leverage, operating, and profitability. Respond to your friend's requests

Reference no: EM132868812

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