Topic: Financial Statements View the simulation. Introduction: You will be examining the financial statements of a company to analyze operations. Whether working in the accounting or finance department or running a small business, analyzing financial statements is an important skill that will help you be more successful. The simulation provides an income statement and balance sheet for Tim's Coffee Shoppe. Looking at these statements: Calculate the current ratio. What does it mean? Also look at the income statement. Are there any operating expenses that seem out of line for the business? How can this be corrected?