‘Debt can cause more social problems than some drugs, yet drugs are illegal and debt is tax-deductable.’
In Chapter 4, we examined how to read and understand a set of financial statements and considered some of the key financial indicators that we might use to analyse these accounts. The aim of this chapter is to consolidate what we have covered so far and to apply the techniques to a new company.
By the end of this chapter you will be able to:
- read a set of financial accounts
- identify warning ...