Financial statement review
Budget: $30 – $250 USD
Review the financial statements of the fintech lending company called Cardinal: https://drive.google.com/file/d/1M1W-ryvboKsEBiiKVbYKzG9MDRUR9538/view?usp=sharing. Write a bullet-pointed list including: a) major changes you see from one year to the next, b) whether you think these changes are good or bad, and why you think this, and c) possible explanations for these changes. The report should be not less than 400 words.
Supplemental Material:
—Income Statement: https://www.investopedia.com/terms/i/incomestatement.asp
—Balance Sheet:https://www.investopedia.com/terms/b/balancesheet.asp
—Cash Flow Statement:https://www.investopedia.com/terms/c/cashflowstatement.asp
—Unit Economics: https://www.codepole.com/blog/unit-economics-of-lending-how-tech-can-improve-them-part-1-3
—Portfolio Analysis: https://www.listendata.com/2019/09/credit-risk-vintage-analysis.html
—Free Course on Financial Statement Analysis: Fundamentals of Financial Accounting: https://alison.com/course/fundamentals-of-financial-accounting-revised-2017
—Paid Course on Financial Statement Analysis: Interpreting Financial Statements ($15): https://www.udemy.com/course/financialstatements/
Supplemental Material:
—Income Statement: https://www.investopedia.com/terms/i/incomestatement.asp
—Balance Sheet:https://www.investopedia.com/terms/b/balancesheet.asp
—Cash Flow Statement:https://www.investopedia.com/terms/c/cashflowstatement.asp
—Unit Economics: https://www.codepole.com/blog/unit-economics-of-lending-how-tech-can-improve-them-part-1-3
—Portfolio Analysis: https://www.listendata.com/2019/09/credit-risk-vintage-analysis.html
—Free Course on Financial Statement Analysis: Fundamentals of Financial Accounting: https://alison.com/course/fundamentals-of-financial-accounting-revised-2017
—Paid Course on Financial Statement Analysis: Interpreting Financial Statements ($15): https://www.udemy.com/course/financialstatements/