By using online finance/accounting calculators and other online tools, you are able to bypass hiring someone to calculate for you AND you are able to recalculate quickly and easily for various situations, projections, and ‘what if’s’.
Bank Rate has the following free calculators for Small Business Owners:
• Calculate payments on any loan (incl. amortization schedule)
• Current ratio calculator
• Quick ratio calculator
• Debt-to-assets ratio calculator
• Return on assets calculator
• Gross profit margin calculator
• Operating profit percentage calculator
Here is what DinkyTown has to say about its Working Capital Calculator:
Your working capital is used to pay short-term obligations such as your accounts payable and buying inventory. If your working capital dips too low, you risk running out of cash. Even very profitable businesses can run into trouble if they lose the ability to meet their short-term obligations. The calculator assists you in determining working capital needs for the next year.
I hope to get a ratio list up here at some point to help people understand how, and when, the various ratios are used.
Hope you enjoy your online tools. 🙂