I received the first edits of my story back from my friends and I've got a lot of work ahead of me.
At first I thought I could simply read their edits and make notations: "Keep this", "Rework this", "Make into dialogue", etc. But the changes required were so significant I couldn't bring myself to do a line-by-line approval.
I decided the more prudent idea for me would be to retype my entire novel.