Question: Help! I need a balance sheet, income statement, and projections over a 3 year period! Please write out formulas so I can see how the

Help! I need a balance sheet, income statement, and projections over a 3 year period! Please write out formulas so I can see how the answer was found, will give 5 stars to whoever can answer it accurately! The scenario is I am trying to get $300,000 to start a business in a foreign country

How you plan to use the $300,000

1 time startup costs:

Gently used food trucks- $25,000 per truck (3 trucks)

Vehicle Inspection- $100 per truck (3 trucks)

Retrofit and/or bring up to code: $40,000 per truck (3 trucks)

Generator-$5000 per truck (3 trucks)

Register- $1250 per truck (3 trucks)

Paint/Graphics- $3000

Track Wrap (logos etc)- $3500

Start up food purchases- $1200

Utensils/paper/plastic goods- $900

Website Design- $400

Startup office supplies and equipment- $600

Initial advertising and public relations- $700

Fees for legal and professional team- $ 500

Permits and licensing- $12,000

Recurring costs for Startup (per month):

Payroll- $3500

Kitchen/Food prep/Commissary rent- $500

Credit card machines- $100

Fuel- $900

Insurance- $400 per truck (3 trucks)

Grand total- $243,550 with $56,450 cash on hand

Financial statements forecast (3 years)

Business health assessment - using the following ratios:

o Liquidity ratios

o Solvency ratios

o Asset management ratios

o Profitability ratios

o Market value ratios

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