Complete a set of financial statements based on the transactions and general ledger from the Phase 4 IP. The financials to be completed on an Excel spreadsheet are the following:
Income statement
Statement of owners' equity
Balance sheet
Based on the financial statements, prepare a memo to the President of LMO Company as to the financial performance of your company.
Include the following:
3 strategies that the company can employ to improve its performance and increase net income
Explanation of who might use the financial statements
Be sure to include internal and external users.
Attachment:- acc340_financial_statement_template.xls