Financial reports provide vital information to investors, lenders, and managers. This chapter from the seventh edition of How to Read a Financial Report offers a plain-English user's guide to financial reports. The book helps you get a sure-handed grip on the profit, cash flow, and financial condition of any business. This chapter delves into: * External income statements * Comparing Equal Percent changes * Reporting operating expenses * Analyzing a management profit report * Making changes in the profit equation * Determining the breakeven point
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