Question: Prepare the Financial Statement Report (which was started in BUS 538 Accounting for Managers). Start with what you created for that course and add the
Prepare the Financial Statement Report (which was started in BUS 538 Accounting for Managers). Start with what you created for that course and add the following information and ratios calculated from the projections for Year 1,2 and 3 of your business. (2 hour / 4 hours) (W8.1-2) General Assumptions concerning the financial statements Minimum of $30,000 loan An open line of credit to grease the cash flow A minimum of the 50 percent of the business is financed with debt Assumptions for the pro forma financial statements Depreciation Schedule Amortization Schedule Comparison/Analysis of their companys ratio with industry ratios including some, if not all, of the following: Liquidity ratios Asset Management Ratios Financial Leverage Management ratios Profitability ratios
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