Question: Smart Financial Management: The Essential Reference for the Successful Small Business, mentions FRICTO as a means of assessing an organizations capital structure. What is FRICTO?

Smart Financial Management: The Essential Reference for the Successful Small Business, mentions FRICTO as a means of assessing an organizations capital structure. What is FRICTO? How does each of these six parts apply to a company you have worked with? Responses should be 150 words minimum.

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