This course is a deep dive into calculating and using financial ratios to effectively manage your business. Different stakeholders rely on key ratios to make decisions about your company such as whether to approve a loan or how much bonding capacity to allow. This course will help you understand what ratios these stakeholders use and how to calculate them. Benchmarking will be discussed as well as how to identify potential problems based upon calculated ratios.
Following this course, participants will be able to:
• Explain what financial ratios are and why they are important in managing your business
• Calculate key liquidity , profitability, leverage and activity ratios
• Use financial ratios to make better business decisions
• Prepare a dashboard of Key Performance Indicators (KPIs)