The company is Zovio Inc.

look at the financial statements for the company you selected and, using the previous quarter's financial data, interpret the data and propose a budget for the next Quarter based on your current and previous analysis of company performance. Complete the budget template using this Operating Budget Template Download Operating Budget Template:

• List your current sales, discounts and allowances, net sales, margins, operating costs, and earning before and after taxes.
• Choose a minimum of two financial ratios (below) and include in your analysis.
• Prepare the next quarter's budget based on your interpretation of past data.

Include at least two of the following types of relevant financial ratios in your analysis. Review the online article Analyze Investments Quickly With Ratios Links to an external site.(Elmerraji, 2017) and Chapter 5 in the Abraham's textbook to help with this portion of the budget:

• Profitability Ratio
• Liquidity Ratio
• Solvency Ratio
• Valuation Ratio
• Leverage Ratio

Zovio: Operating Budget Q1

	[Prior Quarter]	Budget Projection Next Q	Var +/-	Var %
Revenue
Sales Revenue
Interest Income
Investment Income
Other Income
TOTAL INCOME
	[Prior Quarter]	Budget Projection Next Q	Var +/-	Var %
Costs and Expenses
Advertising
Health Insurance
Installation/Repair of Equipment
Inventory Purchases
Salaries
Supplies
Insurance
Rent/Lease Payments
Other Expenses
TOTAL EXPENSES
NET PROFIT/LOSS
Net Earnings Before Taxes (Gain or Loss)
Income Tax Expense
Net Earnings After Taxes
	[Prior Q]	Proj. Q.	Change
Ratio Analysis (Choose a minimum of two)
Profitability Ratio
Liquidity Ratio
Solvency Ratio
Valuation Ratio
Leverage Ratio