In your own words, answer this unit’s discussion questions in a main post (recommended minimum 300 words), and respond to at least 2 peers’ postings (recommended minimum 75 words).
After you have reviewed the Assignment Details below, click the Discussion Board link under the My Work heading above to open the Discussion Board and make your post.
Use these videos for help on how to post to the Discussion Board:
Assignment Details
When it comes to understanding the flow of money in business—whether purchasing raw materials, renting a new storefront, building a new operating plant, or producing a product or service—understanding the financial ratios that were introduced this week are essential to good money management skills.
In your discussion this week, consider the financial ratio content covered in the instructor video. Discuss the following:
- Think of a business or organization that you would like to work with. As a financial manager explain how you would use two specific financial ratios in daily operations to ensure the success of the organization.
Consider your peers’ responses, and note the things they would do differently from you. Share some of the practices a financial manager would implement.
Share any good financial management decisions that you think an organization should incorporate based on financial ratios.
In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.
For assistance with your assignment, please use your text, Web resources, and all course materials.