Projecting financial statements helps the small business owner to:
A)track and monitor current expenses.
B)transform business goals into reality.
C)calculate his/her return on the amount invested in the company.
D)measure liquidity of the firm.

Question

Quizplus · Accepted Answer

Projecting financial statements allows small business owners to create a plan for achieving their business goals by predicting their financial outcomes and identifying areas that need improvement. This helps to turn business goals into a reality. While options A, C, and D are potential benefits of projecting financial statements, they are not the primary reason for doing so.

Projecting Financial Statements Helps the Small Business Owner To