Summary Report: Financial Statementsouthern New Hampshire Un

Summary Report: Financial StatementSouthern New Hampshire UniversityFinancial Accounting 201 01:44:01 GMT -05:00Summary Report: Financial StatementFirms utilize vital tools and ledgers to document and keep track of their cash flows, revenue, shareholders' equity, and more so to track losses or profits from their previous months. There are three primary components of financial statements; the balance sheet, income statement, and stockholders' equity. The income statement illustrates the net income, the revenue, or income less than the expenses. On the other hand, the stockholders' equity illustrates the breakdown of how equities are changed, such as net income, stock issued, and declared dividends. Last but not least, the balance sheet illustrates the liabilities, assets, and equities. The purpose of a balance sheet is to determine if there are sufficient assets to accomplish all financial obligations.Financial Statement AnalysisBased on the financial statement of the company I prepared, I have come to the various conclusions from the information in this financial statement. Looking at the firm's cash position, we can see that the cash on the balance sheet is $51 436, excluding other form assets, which may be turned into cash quickly. Besides, the results from the financial statement show that the company