💃 Balance Sheet Ballet

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Low fixed asset intensity can be analyzed by comparing annual sales to net property, plant and equipment, or capital expenditures.

Gautam Baid • The Joys of Compounding: The Passionate Pursuit of Lifelong Learning, Revised and Updated (Heilbrunn Center for Graham & Dodd Investing Series)

CHAPTER TWO The Balance Sheet

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because the “changes in working capital” entry is often the biggest cause of differences between net income and operating cash flow, this is an area that you’ll want to pay attention

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