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Tuesday, July 08, 2008
"Retailers: Turn on Your Financial Headlights!"™
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It Shouldn't Even Cost Extra
Insist that your accountant or bookkeeper add a small step when preparing your Balance Sheet. On the same page, have them post - for this year and last - your Current Ratio, Debt-to-Worth Ratio, ROA, Gross Margin %, and annual Turnover.
Now, you'll be able to really use your Balance Sheet as a management tool.
Why Join The ROI ?
R-E-S-P-E-C-T
I'm tired of my banker - or my accountant! - intimidating me.
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