by chickers | Jun 15, 2021 | Bookkeeping
For a nuanced interpretation, it’s advisable for businesses to benchmark their ratio against similar companies in their industry. Doing so allows them to understand where they stand in terms of creditworthiness, which is important to attract favorable credit terms....
by chickers | Nov 16, 2020 | Bookkeeping
A grocery store will have a higher inventory turnover rate than a business selling specialty packaged (non-perishable) gourmet foods, for example. Identify which products are likely to be “impulse buys” for your customers and move them to high-traffic areas of your...
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