Business Articles

Business Basics - Your way to more profits

By rethinking inventory turns, margins and dollar contributions, you can boost your bottom line and better serve your customers

By Tom Shay
Published: December 14, 2012

Be honest: If the headline of this article were "All about financial ratios," many of you would quickly turn the page. At first glance, topics like margin return on investment, asset turnover ratio, and statistics calculated with a financial sheet are less than exciting for most hobby-shop owners, who would rather focus their energy on stocking their shelves and managing their stores.

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