Describe the financial performance of and financial position of the business.

Week 1 – Discussion Topic: Cheesy Chuck’s
Financial Statement Analysis
In Why It MattersLinks(https://openstax.org/books/principles-financial-accounting/pages/2-why-it-matters) to an external site., we pointed out that accounting information from the financial statements can be useful to business owners. The financial statements provide feedback to the owners regarding the financial performance and financial position of the business, helping the owners to make decisions about the business.

Using the June financial statements, analyze Cheesy Chuck’s and prepare a brief presentation. Consider this from the perspective of the owner, Chuck. Describe the financial performance of and financial position of the business. What areas of the business would you want to analyze further to get additional information? What changes would you consider making to the business, if any, and why or why not?
Link: https://openstax.org/books/principles-financial-accounting/pages/2-why-it-matters

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