FINANCIAL STATEMENTS

THE BUSINESS WILL BE A BARBERSHOP. THIS BUSINESS HAS NOT BEEN OPENED YET 

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

*NOTE: Do NOT submit 3 separate spreadsheets. You can have multiple tabs within one spreadsheet.

Minimum 1 spreadsheet with 3 tabs (one for each financial statement)

Minimum 2 pages narrative

APA format for narrative