Need a 200 words minimum response for each with reference by Thursday morning.

Text: Preparing Effective Business Plans, Ch. 10

Why is the financial plan typically one of the last chapters in a business plan?

What is the purpose of a sources and uses of funds statement?

What is the purpose of an assumptions sheet?

Briefly describe the three pro forma financial statements that should be included in a business plan.

How is it possible for a firm to show a sizable net income on its income statements and still be running out of cash?

Describe the term “cost of goods sold (COGS).”

Describe why many people feel that the cash flow statement is the most valuable statement of the three financial statements normally included in a business plan.

Describe the purpose of ratio analysis.

Briefly describe at least one profitability ratio, one liquidity ratio, and one overall financial stability ratio.

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