Home Roofing Contractor Free Roofing Contractor Business Plan 8.4 Quick Ratio Analysis
8.4 Quick Ratio Analysis
The quick ratio is an even more conservative estimation of the ability of the business to pay for its short term obligation after removing Inventory from the mix. The inventory of shingles and other roofing material that the business will carry will be limited to $2,500 per year. With the exception of the tools that it needs to be able conduct its business, all other items pertaining to jobs will be purchased based on the specifications and approvals of the client. For example some clients may have dark red colored asphalt shingles while another may have roofs that have grey colored shingles - typically roofing contractors don't carry much inventory but actually order the material once they have an contract and deposit from the customer.
The quick ratio for Dependable Roofing is projected to be 64.2, 119.6 and 178.3 for 2015, 2016 and 2017 respectively. These are extremely healthy numbers and clearly
demonstrate that James and Carmine will be able to meet their current liabilities using the current assets on hand.
Quick Links:
- Go to the Corresponding Template section for this industry.
- Go to the Corresponding Questionnaire section for this industry.
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