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DK Essential Managers: Understanding Accounts by Stephen Brookson

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Reading a Balance Sheet

Another way of improving business performance is to reduce the amount of capital tied up in the balance sheet and increase the uses to which it is being put. Examine the balance sheet thoroughly to gain some clear measures of efficiency.

DK Note that figures in a balance sheet may be seasonal or unrepresentative.
DK Look at the notes to accounts to find the right figures to use.

Gauging efficiency

Assess the overall efficiency of a business by measuring the number of times its assets (you can use fixed, current, or total ...

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