This report presents a comprehensive analysis of business finance, beginning with an introduction to financial management and its importance. It then delves into key financial statements, including the income statement and balance sheet, explaining their significance and uses. Ratio analysis is a core component, with detailed computations of profitability, liquidity, and efficiency ratios, comparing financial data across two years to assess performance trends. The report includes a business review template and explores strategies to enhance financial performance, emphasizing cost reduction, improved efficiency, and diversified funding sources. The conclusion summarizes the findings, and references and appendices, including an Excel file, provide additional supporting material. This report aims to provide a thorough understanding of financial statement analysis and financial performance improvement strategies.