Suggest a non-financial measure that can be used to evaluate the performance of the company as a whol
Suggest a non-financial measure that can be used to evaluate the performance of the company as a whol
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 6Q: Explain the difference between NOPAT and net income. Which is a better measure of the performance of...
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Suggest a non-financial measure that can be used to evaluate the performance of the company as a whole
Expert Solution
Step 1
Traditionally financial performances have been used to evaluate the performance of the corporate which include evaluation of the financial statements, ratios, peer comparison etc.
Non-financial performances include those measures which do not have economic value but they impact the profitability of the company to a great extent and can help to evaluate the performance of the company.
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