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February 6, 2022

Using Financial Statements

General Questions

Week 5 Discuss – Using Financial Statements

For the Week 5 assignment, you’ll analyze financial statements. You can work on that skill in this discussion.

Research an income statement and a balance sheet for a business. Review the accounting concepts, the income statement, and the balance sheet. Write a discussion post in which you answer each of the following questions. Support your answers based on your analysis of the financial statements you found.

• How is the business performing, based upon your review? Is the business growing or declining? Why?

• Where is the business focusing the majority of its resources?

• What advice would you offer to the owner or leadership of the business?

Be sure to respond to at least one of your classmates’ posts.

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