Week 13 (Day 6): Financial Ratios for Small Businesses
Day 6: Assessing Efficiency and Activity Ratios
Week 13 Day 6 Action Plan
Today, we explore efficiency and activity ratios—metrics that shed light on how well your business utilizes its assets and resources.
Take Action: Optimizing Efficiency and Activity for Growth
Understand the significance of efficiency ratios, such as inventory turnover and accounts receivable turnover.
Assess how improving efficiency ratios can contribute to business growth.
Helpful Tip:
Optimizing efficiency ratios enhances resource utilization and can lead to increased profitability.
Stay in Touch
Congratulations on completing Week 13!
Tomorrow we will recap our lesson and actions for the week.
