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CPA > F2: Financial Reporting and Disclosure > Flashcards

F2: Financial Reporting and Disclosure Flashcards

1
Q

DuPont Return on Assets

A

Net Income / Ave Total Assets

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2
Q

Define working capital

A

Current Assets - Current Liabilities

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3
Q

Current Ratio

A

Current assets / Current Liabilities

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4
Q

Quick Ratio

A

Cash and Cash Equiv + Short Term Marketable Securities + Receivables (net) / Current Liabilities (another words remove inventory from the calculation).

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CPA (10 decks)

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