The Big Five

Siciliano, Gene
April 2012
Hardwood Floors Magazine;Apr/May2012, Vol. 25 Issue 2, p28
Trade Publication
The article presents several financial management questions every wood floor contractor should know the answer to. It cites the importance of the question of how much profit is made on the 10 largest customers since it this profit that determines the profitability of the business. It indicates the importance of knowing quickly the inventory turns and noting any changes and one should also ask the average day's sale in the current accounts receivable balance.


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