American Express: Operating Budget Q1

For this Interactive Assignment, you are going to look at the financial statements for the company you selected and, using the previous quarters 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:

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 quarters 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.)Links to an external site. (Elmerraji, 2017) and Chapter 5 in the Abrahams textbook to help with this portion of the budget:

Profitability Ratio

Liquidity Ratio

Solvency Ratio

Valuation Ratio

Leverage Ratio

provide a brief description of your company and provide a summary of your Operating Budget along with a rationale that supports suggested budgetary changes. Attach your Operating Budget Template to your initial post for review by your instructor and your peers.

	[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