We have focused mainly on the financial statements and ratios in this unit. You decide to practice what you have learned by preparing your own personal balance sheet and income statement as of last month. What do you think you would be able to infer from your completed statements? Do you think you would appear to be liquid? Would your income statement reflect an adequate balance? How can this analysis help you in terms of spending? Your journal entry must be at least 200 words in length. No references or citations are necessary.

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