FINANCE/ACCOUNTING WK2

As a manager, you will usually not prepare financial statements. Your expertise will, instead, be valuable in reading, analyzing, and interpreting them. However, as a learner, preparing such statements will help you to understand them in better detail.

For this Assignment, read the chapter case study “Cash Flows and Financial Statements at Sunset Boards, Inc.” at the end of Chapter 2 of your course text (this is located in the attachment). The case deals with cash flows and financial statements at Sunset Boards, Inc. 

Part 1:

Prepare the following financial statements using the Financial Answer Blank Statements Template (attached) in this week’s Learning Resources:

·       An income statement for 2015 and 2016

·       A balance sheet for 2015 and 2016

·       Operating cash flow for each year (Ross et al., 2014)

(Be sure to submit it as an Excel file. Do not copy it on a Word file because the teacher need to see the formulas in some of the cells.)

Part 2:

For Part 2 you just need to answer the two questions in the case study (see attached in case study). The combined word minimum of answering the two questions needs to be 300-350 words minimum.