If research firm Sageworks' new monthly report is an indication, private and small businesses are heading into Friday's proposed sequester cuts with strong financials.
According to financial statements filed in the six months ended January 2013, privately held companies saw average annual sales growth of 9% and net profit margins of 8.1%, according to Sageworks in Raleigh, N.C.
The sales growth is slightly lower than the 10.2% average annual growth for statements filed in the six months ended January 2012, but net profit margin is better than the 4.6% margin among statements in that period, the data showed.
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