Light the way – Boosting profitability through your financial statements
Abstract: When it comes to making sense of dollars and cents, contractors may often feel like they’re fumbling around in the dark. Fortunately, the information available in their financial statements can light the way beyond just getting by into the happy land of greater profitability. This article discusses the basics of financial statements and some key ratios that can provide enlightening insights. A sidebar looks at a few general categories of key performance indicators that may help construction company owners catch and improve misaligned and underperforming aspects of their businesses.