Question: Why is it that small businesses often form initially as sole proprietorships, if the corporate form has so many advantages over the sole proprietorship? Discuss

Why is it that small businesses often form initially as sole proprietorships, if the corporate form has so many advantages over the sole proprietorship?

Discuss operating cash flow and contrast it to the total cash flow in the firm.

What are the assumptions of the sustainable growth rate? What does sustainable growth rate mean?

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