Financial Statements – Do you know the rest of the story?

Properly prepared financial statements tell the financial story of your business. Some aspects are clearly presented.  The income statement tells if you are profitable, the balance sheet tells what you own, who owes you, who you owe and future commitments.  The cash flow statement shows where cash is spent.  This is important and useful information, but by digging a little deeper, you can get the rest of the story.

Ratio analysis and…