Evaluate your current financial status based on your financial statements. How do you stand, financially?

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