"The fact is that one of the earliest lessons I learned in business was that balance sheets and income statements are fiction, cash flow is reality"
- Chris Chocola
About this Quote
This quote by Chris Chocola highlights the importance of capital in company. Balance sheets and earnings statements are essential documents that provide an overview of a company's financial position, however they are not always precise. Capital, on the other hand, is a more reliable sign of a business's monetary health. Capital is the actual money that is being available in and out of an organization, and it is the most accurate method to measure a business's monetary efficiency. By comprehending the significance of capital, Chris Chocola was able to make much better decisions and guarantee the success of his business.
This quote is written / told by Chris Chocola somewhere between February 24, 1962 and today. He/she was a famous Politician from USA.
The author also have 25 other quotes.
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