Financial Statements and Ratios

Develop your current financial statements for one year (if your business hasn’t started yet, develop a statement of financial position based on your estimates) and calculate financial ratios:
Cash Flow Statement in spreadsheet format
Income Statement in spreadsheet format
Balance Sheet in spreadsheet format
Evaluate your current financial status based on your financial statements. How do you stand, financially? How does it align to your goals? What recommendations do you have for your business?
Select two different financial ratios discussed in your readings, calculate the two for your business, and complete the following in a narrative:
What does the result of each ratio tell you about your business?
What augmentations can you make to improve the results?
Ensure you show your calculations

Sample Solution