Most daily activities fall under the operating category.
Investing activities are more strategic in nature, not occurring on a regular basis but still important because they affect the capital efficiency of the business. However, financing activities influence both daily operations and the ability to invest. This article will focus on the impacts that financing activities have on the profitability and efficiency of dairy businesses. T o illustrate this, dairies participating in the Dairy Business Analysis Project were sorted into two groups on the basis of average total liabilities per cow. Only those dairies providing complete and verifiable information were included in the average.