Financial Statement Analysis

$[$This section should center on your analysis of the financial performance of the company

based on the statements you prepared. Discuss key points on your observations of results: Is the

company operating profitably $($what percent of revenues result in profit$/$net income$)?$ How well

poised are they to meet liabilities $($discuss liquidity and current ratio$)?.]$

Internal Controls

$[$Provide suggestions for a simple system of internal controls to assist the owners in

protecting assets and ensuring accuracy in financial data. Consider additional controls that will

support the potential for adding merchandise and additional assets with business

growth$/$expansion$.]|$