Imagine you're opening a boutique in Hangzhou, China, that specializes in casual clothing, like Urban Outfitter.
Your boutique mainly sells clothes and accessories, and the overall price range is between $100-$200, and no
more than $300.
-Please write a personal financial statement based on this boutique. Include personal financial statements for
each owner and major stockholder, showing assets and liabilities held outside the business and personal net
worth. Owners will often have to draw on personal assets to finance the business, and these statements will
show what is available. Bankers and investors usually want this information as well.
Attention please!!
Use words to explain your personal financial statement. Charts and graphs serving only as a visual aid.
You need to explain the contents of the chart
Sample Solution