1) Describe in 1-2 short paragraphs, a) the purpose of the following types of financial statements and b) why as a leader/manager you must be familiar with them:

- Balance sheet

- Income statement

- Capital statement

2) If, as a manager, you could only pick one financial ratio to look at on a weekly/monthly basis, which would it be?

a) Write/type out the equation

b) Discuss (1-2 short paragraphs) why you picked that equation, what information that would give you on your business or departments performance, and how you would use that to better your business/department.