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Importance of Financial Data

Demonstrates ability to improve wages and benefits

May also demonstrate an inability or risk to improve

Necessary to gather evaluate and present data

Profits may justify advances in compensation

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Annual Income Statements

Income

Expenditures

Profits

Losses

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Balance SheetAssets

Liabilities

Net worth

(see links under lecture resource label)

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Financial ResourceRequest specific reports from local operation

Request local auditors report that certifies finances

Internet resources

Security Exchange Commission (SEC)

Annual stockholders report

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