THE BUSINESS WILL BE A BARBERSHOP. THIS BUSINESS HAS NOT BEEN OPENED YET
Develop your current financial statements for one year (if your business hasnt 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
