Planning With Financial Ratios
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Planning With Financial Ratios
Financial ratios are tools to analyze how your business compares to similar businesses and to offer insight on the direction of your business over time. As the business owner or manager, you should value this information even more than your lenders do! The source of the needed input data is at your fingertips on the financial statements. In this article we will highlight how to use the ratio tools and what you can do to impact the future positively.
LARRY TROYER is from Sugarcreek, Ohio, and vice president of Administration & Finance at ProVia. He also serves as a business advisor, workshop instructor, and board member for Anabaptist Financial.