Consider the different financial analysis tools that nonprofits can use to evaluate their financial health. For this discussion, refer to the required reading in this module in Essentials of Accounting for Governmental and Not-for-Profit Organizations. Illustration 13-7, Performance Indicators, in the textbook will be particularly useful. This discussion will help you prepare for your final project as you will need to use three ratios/performance indicators to evaluate your organization’s financial health. Address these items in your post:
In responding to your peers, choose posts that have not been responded to yet. Respectfully critique your peer’s rationale for the three most important key ratios for their performance indicators. What other ratios/performance indicators should your peer consider and why? Support your position, citing the text.