Write a 350- to 700-word executive summary that explains to the board of directors how you developed the balance sheet and its importance.
Include the following in your summary:
- Explain the process for creating a balance sheet.
- Explain the total assets, liabilities, and net worth (loss).
- Explain the use of profitability, liquidity, and debt ratios.
Cite at least 2 sources, including your textbook.
Format your assignment according to APA guidelines.
