TEST DAY Flashcards
1
Q
Total asset turnover
A
Net sales / avg. total assets
2
Q
Net profit margin
A
Net income / net sales
3
Q
Return on total assets
A
Net income (after tax) / Avg. total assets
4
Q
Debt to equity ratio
A
Total liabilities / common stockholders equity
5
Q
Debt to assets ratio
A
Total liabilities / total assets
6
Q
Working capital
A
Current assets MINUS current liabilities
7
Q
Current ratio
A
Current assets / current liabilities
8
Q
Quick ratio (acid test)
A
(Current assets - inventory)/
Current liabilities
9
Q
A/R turnover
A
Net credit sales/ avg. net receivables
10
Q
A/R turnover in days
A
Avg. net receivables/ (net credit sales / 365)
11
Q
Inventory turnover
A
COGS/ avg. inventory
12
Q
Ending ARO
A
Beg. ARO
+ PV of new ARO
+ accretion expense
- ARO settled
= ending asset retirement obligations
