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If you are their banker and they provided you with this income statement, would you congratulate them on their net income? If so, explain why?
If you are their banker and they provided you with this income statement, would you congratulate them on their net income? If so, explain why? If not, how would you advise them to measure the net income of the business? Does the amount of cash in the bank measure net income? Explain. Prepare Tres Amigos balance sheet from their data
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