FINANCIAL STATEMENTS Assignment 1:

Beginning with the draft spreadsheets, create a start-up budget, income and expense statement, balance sheet, and cash flow statement for your e-business. As appropriate, make all projections three years into the future. Write up a summary of these statements (at least one paragraph per statement) that highlights key points of interest to prospective investors (e.g., when the business becomes profitable, how much invested capital is required, where the capital will come from). Also include a list of key assumptions that support the numbers in the statements. Optionally, include a table of key financial ratios and/or supplemental statements such as an investment schedule