Lesson: Working Capital Overview and Objectives

In this lesson, dive into the dynamic world of working capital management with Nick Palazzolo, CPA, who breaks down the essentials of leveraging capital to maximize business returns. Learn about critical financial metrics that are the pulse of any business's financial health, such as the current ratio, quick ratio, and the all-important cash conversion cycle. Nick ensures that the path to mastering these calculations and understanding their implications isn't daunting, reminding that mastery is a marathon, not a sprint. Whether it's inventory turnover or receivables turnover, grasp these concepts with ease and prepare to use ratio analyses to detect significant changes in the working capital cycle, while comparing these metrics to industry benchmarks. Get ready to tackle these foundational tools necessary for analyzing and interpreting financial information.