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Tip of the Day Refinance Your Mortgage if You Can Cut At Least One Point

Refinance Your Mortgage if You Can Cut At Least One Point - Refinancing a mortgage only makes good sense if you are going to save more than 1% on the...

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Acid-Test Ratio

Acid-Test Ratio - The acid-test ratio is the value of a company's total assets, less the value of their inventory, compared to the total value of their current liabilities. By using this ratio, which is a stringent measure, you are able to tell how well the company is meeting its obligations over a short-term period. So, basically this ratio only takes into account how much liquid cash is available, inventory is not cashable therefore it is subtracted from the liquid cash value, creditors can tell how much short term debt the company is carrying and how quickly it can be paid by selling all the company's current assets on short notice.

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Definition of the Day Chairman of the Board

Chairman of the Board - the chairman of the board is the highest official or officer of a board of directorship. The Chairman of the board is the top official in corporate meetings, and is sometimes given executive authority over the entire company, depending on the structure of the corporation....

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