Business Finance Report: Financial Statements, Ratios, and Analysis

This report provides a comprehensive overview of business finance, encompassing key concepts and practical applications. It begins by defining financial management and its importance, followed by a discussion of the main financial statements, including the income statement, balance sheet, and cash flow statement, and the use of financial ratios for analysis. The report then presents a business review template, including financial data for 2015 and 2016, and demonstrates the preparation of an income statement and balance sheet based on the provided information. It also analyzes profitability, liquidity, and efficiency ratios. Finally, the report outlines ways to improve a company's financial performance, such as optimizing liquidity, maximizing profitability, and leveraging marketing strategies. The report concludes with a summary of the key findings and recommendations.