CHAPTER 4

Financial analysis

It is incumbent upon each of us to improve spending and savings practices to ensure our own individual financial security and preserve the collective economic well-being of our great society.’

Ron Lewis

icon Aim

In Chapter 3, we examined the three primary financial statements (balance sheet, profit & loss account – or income statement – and cash flow statement) and how they interact. Now that we have established what is in each of the statements, this chapter will help us to read the financial statements.

icon Outcomes ...

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