Mark Henricks has reported on personal finance, investing, retirement, entrepreneurship and other topics for more than 30 years. His freelance byline has appeared on CNBC.com and in The Wall Street Journal, The New York Times, The Washington Post, Kiplinger’s Personal Finance and other leading publications. Mark has written books including, “Not Just A Living: The Complete Guide to Creating a Business That Gives You A Life.” His favorite reporting is the kind that helps ordinary people increase their personal wealth and life satisfaction. A graduate of the University of Texas journalism program, he lives in Austin, Texas. In his spare time he enjoys reading, volunteering, performing in an acoustic music duo, whitewater kayaking, wilderness backpacking and competing in triathlons.
The number of times a business sells and replaces its stock over a given time period is its inventory turnover ratio. The inventory turnover ratio, also sometimes called stock turns or inventory turns, helps retailers monitor and manage inventory. The inventory turnover ratio can direct timing and size of reorders, identify slow-selling products to mark down for quick sale and inform individual item purchasing decisions. Here’s how to calculate it and interpret the results. Read more
Current liabilities are short-term business debts that are due to be paid before the end of the current fiscal year. These upcoming charges are reported on a company’s balance sheet. Current liabilities include obligations such as accounts payable and amounts due to suppliers, employee wages and payroll tax withholding. Because they describe upcoming requirements that the company’s financial resources will have to fulfill, balance sheet figures for current liabilities draw close attention from business managers, creditors and investors. Read more
Private label products are purchased by a retailer from a manufacturer and sold under the retailer’s own brand. Private label brands, also known as store brands, compete with national name brand products, often primarily on price but also sometimes on features and quality. Sellers of private label items can specify product features in detail. For buyers, private label products offer the opportunity to pay discount prices for items that approximate or equal the quality of name brands. Private label products represent a significant share of sales in physical stores and are becoming more important for online commerce. Read more
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