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Do you agree that ratio analysis should be part of the normal monthly financial analysis for...

Do you agree that ratio analysis should be part of the normal monthly financial analysis for managers?

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Ratio analysis is a quantitative analysis of financial data of an organization. It is a powerful technique of financial analysis which helps to determining and interpretating numerical relationship based on financial statement.

Ratio analysis should be part of the normal monthly financial analysis for managers because of it's importance as below.

  1. Ratios analysis are helps to management and other concerned to evaluate the firms performance over a period of time by comparing the present ratio with the past ones.
  2. It helps to prepare budgets to formulate policies and to prepare the future plan of action and decision making.
  3. Ratios are act as communications by the use of simplified and summarised ratios are more easy and understandable.
  4. The ratios are most useful when comparison is made between companies for profitability.
  5. Using this ratio analysis management can take meaningful conclusion regarding the sound liquidity position of the firm.
  6. Useful in inter-firm and intra-firm comparison.
  7. Accounting ratios assist in locating the weak areas of the business.
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