Bookkeeping

What is Asset Turnover Ratio? Formula & Free Template

The turnover metric falls short, however, in being distorted by significant one-time capital expenditures (Capex) and asset sales. Hence, it is often used as a proxy for how efficiently a company has invested in long-term assets. The return on assets indicates how high the profit is that is achieved from the invested assets, i.e. what […]

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Understanding a Balance Sheet With Examples and Video

The situation could be improved considerably if Bill reduced his $13,000 owner’s draw. Unfortunately, he’s addicted to collecting extremely rare 18th century guides to bookkeeping. Until he can get his bibliophilia under control, reduce your taxable income his equity will continue to suffer. Finally, since Bill is incorporated, he has issued shares of his business

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