Using the template, you will insert your sales, and then you will subtract your major expenses (remember, these are all just guesses, or projections). The template will do the math for you by subtracting the expenses from the sales for a net profit before taxes. This is a simple profit and loss statement. There is more to a real one than can be seen in your work here, but it is a start to being able to understand one of the ways to analyze your finances for a months time. You do not need to submit or share your spreadsheet, but make sure to refer to it as you respond to the following:

• What are some of the main discoveries you made about your businesss monthly profit and loss potential as you completed the spreadsheet?
• What questions do financial ratios help answer about a firms financial performance?
• Select at least two different financial ratios (pp. 221222) and explain why each would be of interest to certain stakeholders (owners, suppliers, creditors, etc.) and why?