Hi I need help with analysing financial statements homework.I have been given the 3 financial statements (balance sheet, income, cash flow statements) for a wine producer and the question is asking to explain the change in the cash from the previous year (2004) and current year (2005) by the shareholder when the report shows that the company has made a loss.
I think this means that i have to look at the income statement for those 2 years and calculate the gross profit margin... what other information should i sort out for in order to explaing this net loss.
Would appreciate tips on how to tackle this question thanks
I think this means that i have to look at the income statement for those 2 years and calculate the gross profit margin... what other information should i sort out for in order to explaing this net loss.
Would appreciate tips on how to tackle this question thanks