Lemonade Stand Financials - part 2 of 1

Lemonade Stand Financials - part 2 of 1 Once you have completed the financial statements for Ed's Lemonade Stand, prepare an analysis of the statements. He has borrowed more than he thought, added payroll and other costs, and Ed is not making much more money in the second year than the first. Imagine Ed could switch to "self financing" by tapping his own pension plan from his former job. Should he do so or should he keep borrowing more as his inventory and equipment needs increase? Assume that you are uncertain of the future growth of the business and have to advise him without having clear projections. Use your general knowledge of risks and benefits and information from your readings about self financing vs. using other people's money. Should Ed scale back in order to avoid having any payroll costs? Why or why not? Prepare a brief essay that summarizes the above-mentioned issues. In addition, make sure you note other issues that you foresee happening to Ed's Lemonade Stand. Save your assignment as a Microsoft Word document. PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET AN AMAZING DISCOUNT :)