CRC Information Systems Releases Financial Ratios Module
Press release from the issuing company
SCOTTSDALE, AZ (July 1, 2002)–CRC Information Systems, Inc. (CRC) is pleased to announce the release of the Financial Ratios module. This new module gives CRC customers an additional tool to determine the overall financial condition of their company. It puts the information from a financial statement into perspective, making it easier for management to spot financial patterns in advance and make more timely and well informed decisions.
The module consists of the following eleven ratios:
Current Ratio: Liquidity ratio that measures the ability to meet current responsibilities
Quick Ratio: Similar to the current ratio, except inventories are subtracted out of current assets to produce a more accurate measure of liquidity
Inventory Turnover Ratio: Computes number of times inventory turns over in the course of a year
Receivables Turnover Ratio: Used to access effectiveness of payment terms
Average Collection Period: Determines the timeliness that customers pay their bills
Payables Turnover Ratio: Analyzes time between receiving a bill and making payment
Inventory to Net Working Capital: Looks at amount of resources tied up in inventories
Debt to Equity Ratio: Measures how a company is leveraged
Return on Assets Ratio: Reports overall profitability of a company
Gross Profit Margin Ratio: Indicates profitability per product to determine the price
Return on Sales Ratio: Compares profit to sales to determine if desired returns are occurring
The Financial Ratios module is extremely user-friendly: the data is pulled right from existing financial stateme nts and displayed in an easy to read graph that compares year-to-date information from this year to last year and computes the difference for trend analysis. Another feature is the Break Even Bogey chart, which calculates your break-even point (sales needed to cover all costs of doing business) for the month and charts it out over a 24-month period. This allows management to monitor and control costs. Most importantly, properly monitoring these ratios can help sustain positive growth and drop more dollars to the bottom line.
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