April 2015
Beginner
480 pages
107h 32m
English
Want to earn a profit? You need financial controls!
Traditional financial controls include:
Ratio analysis. (See Exhibit 15–6.) Ratios are calculated using selected information from the organization’s balance sheet and income statement.
Ekaterina Semenova/Fotolia
Popular Financial Ratios
| OBJECTIVE | RATIO | CALCULATION | MEANING |
|---|---|---|---|
| Liquidity ratios: measure an organization’s ability to meet its current debt obligations | Current ratio |