Return on Assets Ratio (ROA) – online calculator
The Return on Assets Ratio (ROA) shows how well a company uses its assets in order to generate profits. ROA is one of the profitability ratios that are used to … Read More
Financial Literacy and a Family Quiz Night
As I have begone to get back to this website and try to make a success of it once again, I been my mindful of personal finances. In particular in … Read More
Bank Reconciliation Statements and Their Importance
Last week we produced an accounting tutorial setting out how to prepare a bank reconciliation. And we touched on some of the reasons why this is an important control for … Read More
Creditor Days Ratio – How to calculate it and interpret it
Days Payable Outstanding (DPO) or as it’s also called, creditor days ratio (CDR), is an efficient ratio that shows how long it takes for a company to repay its suppliers. … Read More
Bank Reconciliation Statements – Accounting 101
The verification process in double-entry book keeping is critical to ensuring accurate data is compiled; and bank statement statements and their reconciliation to bank records form an important part of … Read More
Debt Avalanche v Debt Snowball – Which One?
In our article setting out the Dave Ramsey’s baby steps we mentioned in baby step 2 the use of the debt snowball approach to paying off non-home loan debt (often … Read More
Debtor Days Ratio – Formula, Analysis and Calculator
The Debtor Days Ratio shows how quickly a company turn the credit sales made into cash. It’s therefore reasonable that the smaller the debtor days ratio, the quicker a company … Read More