You are analyzing the financial records of the business you have been thinking about buying. You discover
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You are analyzing the financial records of the business you have been thinking about buying. You discover that, although the firm has excellent current and quick asset ratios by industry standards (current assets are higher than current liabilities), its cash is low and it hasn’t paid its bills on time. What might have caused this? Would this influence your decision to buy the business?
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Your due diligence would probably lead ...View the full answer
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Related Book For 
Small Business Management Entrepreneurship And Beyond
ISBN: 9781285866383
6th Edition
Authors: Timothy S. Hatten
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