Exam 1 (Ch. 1-5,15) Flashcards
1
Q
Current Ratio
A
Current Assets / Current Liabilities
2
Q
Quick Ratio
A
(Current Assets - Inventry) / Current Liabilities
3
Q
Average Collection Period
A
Accounts Receivable / (Daily Credit Sales)
4
Q
Accounts Receivable Turnover
A
Credit Sales / Accounts Receivable
5
Q
Inventory Turnover
A
COGS/Inventory
6
Q
Total Asset Turnover
A
Sales/Total Assets
7
Q
Fixed Asset Turnover
A
Sales/Fixed Assets
8
Q
OIROI
A
Operating Income / Total Assets
9
Q
Times Interest Earned
A
EBIT / Interest Expense
10
Q
Debt Ratio
A
Total Debt / Total Assets
11
Q
Return on Assets
A
Net Income / Total Assets
12
Q
Return on Equity
A
Net Income / Total Equity
Net Margin X Tot. Asset Turnover X Leverage Multiplier
13
Q
Gross Margin
A
Gross Profit / Sales
14
Q
Operating Margin
A
EBIT / Sales
15
Q
Net Margin
A
Net Income / Sales
