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You hear that statement repeated over and over again, however is your cash balance the only sign of a healthy corporation? I know of a corporation with $2M in the bank that was really insolvent. Yes cash is vital, however it’s not the only measurement used to determine where your business has been or where it’s going. A business financial checkup uses a number of other tools to determine business health – and that checkup should be done periodically, not after the year is over.
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