What are the key financial ratios I should track for my startup?
An example of an AI chatbot conversation about financial ratios crucial for startup success.
What are the key financial ratios I should track for my startup?
You should focus on ratios like the current ratio, quick ratio, gross margin, and burn rate. These help assess liquidity and profitability.
Can you explain what the burn rate is?
Sure! The burn rate measures how quickly your startup is spending its capital. It's crucial for understanding how long you can operate before needing more funding.
How do I calculate the current ratio?
The current ratio is calculated by dividing your current assets by current liabilities. It shows your ability to cover short-term obligations.
What is a good gross margin percentage for startups?
A good gross margin varies by industry, but generally, a margin of 50% or higher is considered healthy for startups.
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