Breaking down liquidity, AR, and DSO| Finance Friday
A critical aspect of managing your construction business effectively is understanding liquidity ratios and how you can calculate them. Current ratio, quick ratio, and days sale outstanding are important formulas that help you determine the strength and vulnerabilities of your business. These should be calculated on a frequent basis so that unexpected expenses don't threaten the health of your business. How are each of these calculated? Listen to this week's Finance Friday episode to learn more.