1. Based on the information in the balance sheets, what do you notice about the nature of...
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1. Based on the information in the balance sheets, what do you notice about the nature of the general contracting business in terms of their working capital? How are the two companies alike, and how do they differ?
2. Have a general contractor explain to you what the financial statements say about this type of business.
3. Compute the cash conversion period for each company and interpret your findings.
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Small Business Management Launching & Growing Entrepreneurial Ventures
ISBN: 978-1133947752
17th edition
Authors: Justin Longenecker, William Petty, Leslie Palich, Frank Hoy
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