This report provides an overview of business finance, focusing on financial management and its importance within an organization. It explores the use of financial statements, including income statements, balance sheets, and cash flow statements, to assess a company's financial position and performance. The report delves into the application of financial ratios to determine profitability, liquidity, and efficiency. A business review template is included. The report highlights the importance of financial statements and the use of financial ratios for external analysts to determine the aspects of business which reflects the profitability, liquidity and solvency of the business. The report concludes by discussing ways to improve financial performance, such as lowering expenses, recovering outstanding payments, consolidating debt, lowering prices, applying for business financing, and selling assets. The financial performance improvement is also discussed.
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