Last week, we introduced a few financial ratios that you can use on your balance sheet and income statement. This week, we'll add to that list! Gross Margin Gross Margin = Gross Profit / Net Sales When You Use It: The Gross Margin Ratio gives you a percentage of sales dollars available after you've deducted the cost of merchandise. If yours looks particularly high or low, remember that this varies by industry and by company! Profit Margin (after Tax) Profit Margin = Net Incom
Penny stocks have been around since the early 1900s, but you might have learned most of what you know from the popular Leonardo DiCaprio film The Wolf on Wall Street. Today we break down what penny stocks are and some things to remember when investing in penny stocks. Photo by Jonathan Brinkhorst on Unsplash a brief History of Penny Stocks Since the early 1900s, companies have broken down their stock and sold it for mere pennies. Today, especially with advancements of techno
Happy New Year from Practical Accounting Solutions! Photo from Wix.com We wish you the best in 2019 and hope you have a wonderful year! It's not too early to start planning for tax season! According to the IRS, 36% of taxpayers wait until April to file their returns. We know how stressful filing your taxes can be, so we prepared some tips to help you file early and get your refund even quicker! Have a System Keeping organized is one of the best ways to make filing taxes easy.
Photo from wix.com We would like to wish everyone a Merry Christmas, Happy Hanukkah, Happy Festivus and any other holiday you may celebrate this time of year from Practical Accounting Solutions! The most important part about this time of year is surrounding yourself with family and friends and reflecting on the ups and downs of the year but always looking forward to the prospect of a New Year and everything that will come with it. Wishing you the happiest of holidays and we c