Reviewing your balance sheet is like tracking your business' blood pressure

09/28/2011 | Inc. magazine

Balance sheets are critically important for measuring the financial health and well-being of a company, writes Norm Brodsky. By looking at the ratio of current assets to current liabilities, one can judge how close it is to bankruptcy, for example. "Numbers run companies. It's your responsibility as an owner to know and to understand not only the income statement but also the balance sheet of your business," he writes.

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