Ted Tooney has operated a small service company for several years. The following information is from the

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Ted Tooney has operated a small service company for several years. The following information is from the financial statements prepared by Ted's accountant.

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REQUIRED:Assume that you have some capital to invest and that Ted asked you to consider making an equity investment in his company. Review the financial statements and describe how you would respond to Ted's request. Support your recommendation withcalculations.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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