Explain why financial statements are important to a business and how they help businesses determine their current financial health.

Complete a journal submission should be a 3-
to 4-paragraph Word document with 12-point Times New Roman font, double
spacing, and one-inch margins. Any sources should be cited according to APA
style. You will also need to submit the Excel files for your chosen business’s
balance sheet, income statement, and cash flow statement from Mergent Online.

I have attached the most recent quarterly information all in one spreadsheet. I have chosen to write about Tesla as a company. Below is the items to address on the journal entry.

Write a brief journal introducing the
business you chose for your Project Two assignment.
Specifically, you must address the
following rubric criteria:
Business Selection:
Provide a description of the business you chose, including the business
name and what it offers consumers.
Financial Statements:
Using Mergent Online, provide a copy of the balance sheet, the income
statement, and the cash flow statement for your chosen business from the
most recent fiscal quarter.
Financial Statement Role:
Explain why financial statements are important to a business and how they
help businesses determine their current financial health.
Cash Flow Management:
Describe why cash flow management is important to a business and its
financial health. Use a recent financial news story as an example to
support your claims.

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