Health Check: Your Assets

Let’s get right to it. Previously we wrote about liquidity ratios, which provide good indications on how quickly you are able to pay off short-term debt, and hence how cash rich your company is. If you ahave business and your looking for get a loan check thisĀ loan approval tips for business. . Now let’s look at “Asset Turnover Ratios”. What does it mean: Asset turnover ratios provide a measure of how efficiently your business utilizes its assets. Our focus here … Continue reading

Health Check: Taking Your Pulse

At this time of year, many small businesses are busy preparing/finalizing their year-end financial statements for tax purposes, for submissions to other parties (e.g. regulatory bodies), and for some, to measure the state of their companies. Periodically monitoring the health of your business is always a good practice, especially during these recessionary times. It may give you some real insights into your business, help you identify any problem areas and focus and plan for the future. We’ve put together some … Continue reading