According to the text, your balance sheet is the most important financial statement for a small business financial plan.
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Q53: On an income statement, all revenue is
Q54: Depreciation is part of your cash flow
Q55: Cost of goods sold is the operating
Q56: Profit margin is your net profit (before
Q57: Inventory is recorded on a pro forma
Q59: Principal payments on a bank loan are
Q60: Your break-even ratio is calculated by dividing
Q61: To calculate your break-even point, you need
Q62: A financial statement that helps you control
Q63: Total sales minus cost of goods sold
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