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The return on assets calculator is created to help you determine if you are wisely using the assets that are controlled by your business. The calculation is made in several steps.

The first step is to determine your average inventory for the past year. Enter in the ending inventory for each of the past 12 months.

The second step is to total your operating expenses for a 12 month period. Do that in the "Annual Operating Expenses" section.

The third section is where you input the amount of assets at year end. After that you input your cash sales and charge sales. Charge sales are not bank card sales, but are from 'house' or corporate charge accounts.

The input of 'cost of goods sold' should be from a year end profit and loss statement. Miscellaneous business income is often for income from investments, dividends from buying groups, or rent collected for space that is provided to other businesses.

Return on Assets calculator from Profits Plus
Yellow indicates squares where info is entered
Press the Tab Key to Move to the Next Field!
Ending Inventory:  
January
February
March
April
May
June
July
August
September
October
November
December
Average Inventory
   
Annual Operating Expenses:  
Wages
Payroll Taxes
Property Taxes
Rent
Telephone & Utilities
Repairs
Advertising
Accounting & Legal
Automobile
Bank Charges
Computer Operations
Dues & Subscriptions
Insurance - General & Workman's Compensation
Licenses & Taxes (not sales tax)
Office & Store Supplies
Outside Services
Travel
   
Total Operating Expenses
   
Assets:  
Cash
Other current assets
Average Inventory
Accounts Receivable
Fixtures
Equipment
Building
Other long term assets
   
Total Average Assets:
   
Cash Sales
Charge Sales
   
Total Sales
   
Cost of Goods Sold
   
Gross Profit
Gross Profit %
Miscellaneous Business Income
   
Total Income from Operations
   
Operating Expenses
Operating Expenses %
Net Profit
Net Profit %
   
Asset turnover
   
Return on Assets

MARCH 2024
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Small Business

Conversations

We are taking a break with the Small Business Conversations programs. However, we have the many years of the program cataloged by date on the website.

Small Business

AdvisorieS

The March Small Business Advisory remembers a line from many a western movie; "They went that a-way" and expressions similar to that distract from a business giving great customer service.

Small Business

News

Top Story

The big news item on November 30, 2022 was the advent of ChatGPT; Artificial Intelligence applications which many believe are used exclusively by big businesses.

This does not have to be true as there are many applications we share that have usage in a small business.


Article of the Month

"No plan B"; the subtitle to Van Morrison's Born to Sing album. The idea of no plan B also applies to a small business when you think (or is it when you don't think) about when the time, or opportunity, comes that you can sell your business. Generally speaking, a small business owner gets less money when they decide to close their business.


Book of the Month

"Escape from Cubicle Nation" is the March book of the month. While directed towards those working a corporate job and wanting to become an entrepreneur, we remind readers about utilizing their gut feeling to make decisions in their business.

After all, you did use your gut feeling when you decided to open or purchase your business.

BOOK US

With over 25 years of frontline experience Tom Shay is America's leading Small Business Management Expert. He's a "Must Have" for your next event.

Small Business

Conversations

We are taking a break with the Small Business Conversations programs. However, we have the many years of the program cataloged by date on the website.

Small Business

Advisories

The March Small Business Advisory remembers a line from many a western movie; "They went that a-way" and expressions similar to that distract from a business giving great customer service.

Small Business

News

 

Top Story

The big news item on November 30, 2022 was the advent of ChatGPT; Artificial Intelligence applications which many believe are used exclusively by big businesses.

This does not have to be true as there are many applications we share that have usage in a small business.


Article of the Month

"No plan B"; the subtitle to Van Morrison's Born to Sing album. The idea of no plan B also applies to a small business when you think (or is it when you don't think) about when the time, or opportunity, comes that you can sell your business. Generally speaking, a small business owner gets less money when they decide to close their business.


Book of the Month

"Escape from Cubicle Nation" is the March book of the month. While directed towards those working a corporate job and wanting to become an entrepreneur, we remind readers about utilizing their gut feeling to make decisions in their business.

After all, you did use your gut feeling when you decided to open or purchase your business.