Balance Sheet Flashcards by Tim Schein

Q

Assets

A

What a business owns

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Q

Liabilities

A

What a business Owes

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Q

current

A

Less than a year

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Q

Longterm / fixed

A

More than one year

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Q

Debtors

A

OWE money to the business

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Q

Creditors ( or suppliers )

A

Are OWED money

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Q

Fixed assets examples.

A

Land or building
machinery
Vehicles

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Q

Current assets examples

A

Cash
Stock
Debtors

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Q

Net Current Assets

A

Current assest- current liabilities

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Q

working Capital

A

Current assets- current liabilities

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Q

What does ROCE

A

Return on capital employed

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Q

ROCE calculation

A

Profit before Tax/ total equity + non current liabilities X100

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Q

Gearing calculation

A

Long term liabilities / capital employed x 100

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Q

Current Ratio

A

Current assets/ current liabilities

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Q

Acid Test

A

Current assets- Stock / current Liabilities

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Q

Groß Profit margin

Study These Flashcards

A

Gross Profit / Sales Revenue X100

Q

Net profit margin

Study These Flashcards

A

Net profit/ sales revenue x100