Memorandum "Hexagon Bracelet"

The Memo must need to write to the Chair of the Board of Directors about their concern based on your prepared budgeted Income Statement results and the proposed product profitability. which must contain one introduction at the beginning and finish with one conclusion at the end of the memorandum as well.

Please! Help me just to make sure this memorandum is correct

Here at Hexagon Bracelets, we make stylish, durable, affordable, and high-quality bracelets in the shape of a hexagon. The bracelets embody hexagon-shaped stones tied together by an elastic bead cord to fit all types of sizes. We make our bracelets with a durable elastic bead cord that makes the bracelet less tearable than other brands. The stone beads used don't tarnish, are durable, and smooth and cool to the touch. They are perfect bracelets to buy with/for your friends and family. Our team, Hexagon Bracelets, presents our budgeted financial reports and profitability.

In our first year, we calculated our net sales of $4,300,000, and our net income was $2,500,000. This gives us a net profit of 57.26%. We have $4,005,840 in assets giving us a return on assets of 62.41%. This means that for every dollar spent on assets, we make about 62 cents as income. Our cost of goods was $920,097, giving us a gross profit of $3,446,220. This gives us a gross profit margin of 78.93%.

This budget financial report explains how our company, Hexagon Bracelets, will turn our assets into profit. All our ratios prove that this company will be financially strong and successful. Our products are guaranteed to make customers happy. We suggest that the Board of Directors consider and accept our financial budgets.