11:26 TikTok X Formative_1_finance_101.docx Research gate: Yahoo finance Formative 1: Name: Student ID: Find a business of your choice: Name of business: Type of business: List all the assets, liabilities, expenses and revenue of the business: Assets Amount Liabilities Amount Expenses Amount Revenue Amount Building 200000 Car loan 20000 Internet Operating 400000 Revenue Phone bills Cost of 100000 Revenue Write a paragraph of the financial health of the business. (In your paragraph explain if the business has more income or expenses) Extension task: 1. As a business student advise the business on ways they can improve their financial health. Provide them with specific ideas on how they should increase the business revenue. 2. Advise the business with ways they can cut down on expenses/cost of the business