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Intro to Business News is South-Western's service to provide summaries of the latest Business news stories. Review the brief summaries and, for stories of interest, select the full summary. |
| FINANCIAL STATEMENTS | |
| Title | Brief Summary |
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Employees of most firms have little knowledge of their company's financial goals or viability. But at Zingerman's, the popular specialty food retailer from Ann Arbor, Mich., workers are trained to have a working understanding of the company's financials. More importantly, they understand what they can do, day to day, to impact those numbers. (Updated April 2007) |
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Every small business owner needs a working knowledge of financial statements in order to understand how the business is progressing or not progressing towards its goals. This article discusses the three basic financial statements: The income statement, the balance sheet and the statement of cash flow are being discussed. The article also reviews popular ratios. (Updated 08/01/04) |
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