Attach an Excel workbook with estimated/projected financial statements here for a NEW BEAUTY SALON. There are no figures to be given... you are to come up with what you think it takes to start a new beauty salon.

Financial Statements:

Type of accounting system to be used is presented and financial statements presented and fully explained

• cash flow statement - one year with monthly columns
• income statement - one year
• balance sheet - Start of year and end of year (2 balance sheets)
• break-even analysis
• financial ratios - for one year