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John wants to buy his Aunt Lou's restaurant in Ohio. Aunt Lou claims the restaurant is making money but she's getting too old to manage
John wants to buy his Aunt Lou's restaurant in Ohio. Aunt Lou claims the restaurant is making money but she's getting too old to manage it. She has offered to let John look at the books, which consist of the Balance Sheet, Income Statement, and Statement of Cash Flows. As Johns advisor, what, specifically, will you look for in each of the three statements to determine if the restaurant is in good health?
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