Balance Sheet
Create a balance sheet of your own business and Respond to one or more question(s) from each of the three categories below.
Category: Assets and Liabilities
1. What were total current assets?
2. What were total current liabilities?
3. What was total assets and total stockholder’s equity (deficit)?
Category: Analysis
1. Calculate the following ratios for the most recent year, and interpret/comment on what those results of your ratio analysis indicate about the financial aspect measured. Show your calculations.
a. Current ratio
b. Quick ratio
c. Debt to assets