Ratios $=$ Due Suaday Week $5100$ Polnts Studens wall construct a set of forecasted financial statements and calculate a set of finarcial raties for a start$-$up busincss. Noto: Please read the decuments related to foeceasting financial statements under Documents $\backslash$& Resources in Week $4.$ Additionally, scafch colite for information regarding forecasting financial statemests. $[$Doe$\text{'}$t skip this step' It will provide background context and insight into what you'll be doing for thas assgnment.$]$ You will potice that there are many methods to use to forecast financilh. Some are quantistive while othen are qualiative. Oftentimes, a mix of the fuo are used. There is no ene exact way to perform forecasing. For the pupose of this assignment, you will be relying on the directions given under Case Orrovior Janelic Ilageins has decided to start her own event planning basiness $($JII Dvests$)$ in the yproming year, She Leticves that be has as innovative basiness model and is secking a basines loan. Therefore, Janelle is in the proces of puating together a busines plan, As part of her business plan, Janclle imast isclode forecasted finarcul statemeots for the firsts year. The forceasted financial satements to be included are: Iocoene Statement, Balance Sheet, and Staiement of Cash Hows. Janelle mast atso include a set of calculated ratios ahing widh an overall kasesment on the projected health of the company. Eoncoulinz$-$Asumpions $-$ Fins ycar alea are projected to be $5150,000$ and yow $3\%$ for the neat rav years and $5\%$ in year $4$ and $5.-$ Cost of sales are projected to be $45\%$ of revenue in the fint year and is expected to grow at the same nefe as sales. $-$ Advertisise expenses are projocied to be $4\%$ of cach year's projected revenae. $-$ Janelle will aced to rent equipment for the eveots the pats on$,$ she has an agreement with a rental comnanv for a flat rate of $$500$ ner menth and is sufficient to cover all inload a copy of the assignment here: Assignmenta?