How do I calculate financial ratios for my business?
An example of an AI chatbot conversation about calculating financial ratios.
How do I calculate financial ratios for my business?
To calculate financial ratios, you'll need key financial statements like the balance sheet and income statement. What specific ratio are you interested in?
I'm interested in the current ratio. How do I calculate that?
The current ratio is calculated by dividing current assets by current liabilities. Do you have those figures available?
Yes, I have current assets of $150,000 and current liabilities of $100,000.
Great! To calculate the current ratio, divide $150,000 by $100,000, which gives you a current ratio of 1.5. This means you have $1.50 in assets for every $1 in liabilities.
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