BUSN7008 Financial Statements and Reporting: Store’s Operation

1. Write a report commenting on financial position of the business after this first month of operations in comparison with the cleaning industry averages listed in the table below.

2. Suggest relevant and specific strategies that could improve the store’s operation.

In your recommendations, please include:

(i) suggestions about marketing practices, advertising and/or other policies appropriate to the business, and

(ii) briefly discuss some limitations of ratio analyses, especially in this context.