|
|
|
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. PROFITS PLUS, FOUNDER OF...
©1998-2025 Profits Plus Solutions, Inc. |
MAY 2025
|
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
Using an experience with baseball's spring training, we are asking the question of being a hero to your customers. Did you know that the post office has a higher rating of customer service?
Small Business
Is it, "lead, follow, or get out of the way"? Perhaps in some cases, it is. Definitely it is, "you either lead by example, or you don't lead at all"
"Traits of the great" is the title of the May Article of the Month. It was written in two parts (second part comes in June) as answer to a small business owner asking what her fellow small business owners did.
Business the Bill Gates Way is the title of our May article of the month. We had the opportunity to speak with someone who is a neighbor to one of the original 12 Microsoft employees. We thought that was a good prompt to suggesting this book.
