South Pasadena High School’s varsity Virtual Enterprise Finance team placed first in the state competition of the Virtual Enterprises International recently, winning the event for their company WAGS.
The team has advanced to the National Competition held in New York City on April 11. Team members Ethan Kang, Eden Kim, Joel Kim, and Miles Woo will compete as part of the top 30 teams in the nation.
During the competition, the students created current and projected financial statements to show stakeholders and potential investors a reasonably accurate estimate of sales and profits. To qualify for finals at the state level, the finance department had to submit a written document, and for finals, they shared a five-minute presentation to judges, including time for questions and answers.
First published in the March 22 print issue of the South Pasadena Review.
