Privately held companies appear to be relatively stable and strong, as indicated by their balance sheets and income statements, according to a new report from Sageworks, a provider of data on private companies.
[IMGCAP(1)]Financial statements with year-ends from the past year show that businesses are growing sales at an annual rate of 8 percent, a rate that, despite being slightly lower than a year ago, indicates strong revenue growth. Private companies are also experiencing higher net profit margins, of nearly 8 percent, in the most recent period, compared to previous years
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