What are the key financial ratios I should track for my small business?
An example of an AI chatbot conversation about financial ratios for small businesses.
What are the key financial ratios I should track for my small business?
The key financial ratios include the current ratio, quick ratio, debt-to-equity ratio, and return on equity.
Can you explain what the current ratio is and why it's important?
The current ratio measures your business's ability to pay short-term liabilities with short-term assets. It's important for assessing liquidity.
How do I calculate the debt-to-equity ratio?
To calculate the debt-to-equity ratio, divide your total liabilities by your total equity. It shows your financial leverage.
What is a good return on equity percentage for small businesses?
A good return on equity (ROE) for small businesses typically ranges from 15% to 20%, but it can vary by industry.
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