A Financial Statement Package is an essential part of running a business. It is a comprehensive collection of financial documents that provides information about the financial health of a business by providing historical data as well as future projections. A Financial Statement Package typically includes income statements, balance sheets, cash flow statements, and statement of retained earnings. It also often includes Ratio Analysis which helps managers evaluate their performance and profitability in comparison to industry standards. By analyzing these documents, a company can accurately assess its current state and make sound decisions for the future. With a Financial Statement Package, it’s easy to understand the past, present, and potential future success of any business.