Assessment 3: Business Report (Weightage 40%) Assignment Overview: Assessment 3 requires the preparation of a business report with a word limit of 2000 words. The report aims to analyze the financial position of a selected business. Students are tasked with conducting a comprehensive examination of the business's financial performance, including its financial statements, key ratios, and other relevant financial indicators. Assessment Details: 1. Analysis of Financial Position: The report should provide an in-depth analysis of the chosen business's financial position. Key areas to be addressed include the business's profitability, liquidity, solvency, and efficiency. Analysis should encompass an examination of financial statements, such as the income statement, balance sheet, and cash flow statement. 2. Identification of Strengths and Weaknesses: Students should identify the business's financial strengths and weaknesses based on the analysis conducted. Strengths may include robust profitability, strong liquidity position, efficient use of resources, etc. Weaknesses may include low profit