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In sports, the stat sheet shows who won and lost, as well as how or why each team won or lost. These numbers also tell coaches and players what they're doing right and what they need to work on. In the world of business, that stat sheet is known as the financial statement-or simply "the financials." The financials tell the owner or manager the same thing: what you're doing right, what you need to work on and how your stats compare to your competitor's. This video covers the basics of reading and understanding a financial statement.
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