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Final Project Analysis

Final Project Analysis
The financial performance of Sonoran Hiking Adventures can be assessed through the financial reports and journals. The gross profit of Sonoran Hiking Adventures in the year ending 2017 was positive reported to be $4,212.97. The higher percentage of the overall revenues for Sonoran Hiking Adventures is service income. The net income of Sonoran Hiking Adventures was recorded to be $2,568.97. The performance of the cash flow operations at Sonoran Hiking is not good and the company should put up measures to improve their overall cash flow operations such as increasing the efficiency of collecting the receivables.
The net cash provided by the operation activities of the company was negative. In the current month, the balance of net cash from the operating activities was ($13,692.25) and the balance at the end of the year was ($7,692.25). In spite of all, the company’s net change in cash was positive at $2,340.72. The balance sheet assessment reveals that Sonoran Adventure Hiking has a good financial position. In 2017, overall current assets were reported to be $16,036.72 is higher the overall current liabilities at $5,971.75. It means that positive liquidity position is important to allow the company to perform well. The current ratio of Sonoran King Adventures is above 1.00 indicating the cash position.
Some of the recommendable actions to improve the company’s financial performance include improving the operating cash flows. Setting up of accurate cash flow forecasts will also help in the process of improving the overall cash flow returns of the company. Every cash outlay is recorded including rent, salaries and wages, and other taxes. The assessment of the accurate cash flow projections is effective in promoting long-term financial outcomes. The tracking of the accounts receivable of the company will also help in improving the operating cash flow of the company.

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