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1. Why is it important to understand the concept of inventory turnover? 2. Why should you develop pro forma balance sheets, income statements, and cash

1. Why is it important to understand the concept of inventory turnover?

2. Why should you develop pro forma balance sheets, income statements, and cash flow projections?

3. Briefly explain the three types of equity financing for an incorporated business.

4. What are the major advantages of a corporation?

5. Explain the meaning of the term due diligence in relation to health and safety issues.

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