In this webinar presented by MGIC, we’ll take a closer look at the self-employed borrower using financial statements – the income statement (P&L) and balance sheet. You’ll learn more about the makeup of each of these statements and what it tells you about the financial standing of the business. As we analyze the details of the financial statements, the course assumes a strong understanding of analyzing business tax returns.
This webinar will:
- Review how financial statements differ and when they are needed
- Define common terms such as revenue/expenses, margins, liquidity and more
- Take a closer look at the Income Statement and Balance Sheet and what they tell you about the business
- Measure and compare business profitability/growth using trend ratios