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This is actually why the balance sheet is more important than the income statement. The income statement can obfuscate what's happening to cash flow. A close st
by mediaman 4y ago
This is actually why the balance sheet is more important than the income statement. The income statement can obfuscate what's happening to cash flow. A close study of the balance sheet reveals whether working capital is consuming retained earnings.
- fsckboy 4y agoof course, you could always look at the third leg of the three legged stool, the cash flow statement.