Formula

Question 1

Balance Sheet

Answer 1

Assets = Liabilities + Stockholder Equity

Question 2

Income Statement

Answer 2

Revenue - Expenses

Question 3

Retained Earnings Ending

Answer 3

Retained Earnings bb + Net Income - Dividends

Question 4

Current Ratio

Answer 4

Current Assets /
Current Liabilities

Question 5

Earnings per share (EPS)

Answer 5

(Net Income - Dividends) /
(Weighted Average # of Common Shares Outstanding)

Question 6

Net Profit

Answer 6

Net Sales - COGS

Question 7

Interest

Answer 7

I = Principal * Rate * Time

Question 8

Total Asset Turnover Ratio

Answer 8

Net Sales / Average Total Sales

Question 9

Debt to Asset Ratio

Answer 9

Total Liabilities /
Total Assets

Question 10

Debt to Equity Ratio

Answer 10

Total Liabilities /
Shareholders Equity

Question 11

Working Capital

Answer 11

Current Assets - Current Liabilities

Question 12

AFDA EB 1

Answer 12

Credit Sales * Bad Debt Rate

Question 13

AFDA EB 2

Answer 13

AFDABB + Bad Debt Expense - Write Offs

Question 14

Net AR

Answer 14

AReb - AFDAeb

Question 15

A/R Turnover

Answer 15

Net Sales /
Avg Net A/R

Question 16

Days to Collect A/R

Answer 16

365 / A/R Turnover

Question 17

Inventory/Full COGS

Answer 17

BI + P = COGAS - EI = COGS
BI = Beginning Inventory
P = Purchased
COGAS = Cost of goods available for sale
COGS = Cost of goods sold

Question 18

Net Profit Margin

Answer 18

Net Sales - COGS

Question 19

Inventory Turnover Ratio

Answer 19

COGS / Avg Inventory

Question 20

Days to sell inventory

Answer 20

365 / Inventory turnover ratio

Question 21

Average Cost for Inventory

Answer 21

COGAS /
Total units available for sale

Question 22

Acquisition/ Historical Cost

Answer 22

Purchase Price + additional costs to get the asset ready

Question 23

Depreciable Base

Answer 23

Historical Cost - Salvage Value
salvage value = $ sold for

Question 24

Net PP&E

Answer 24

PP&E - Accumulated Depreciation

Question 25

Units of production depreciation method

Answer 25

(Cost - Salvage Value) / Total est. units produced

Question 26

Straight Line Depreciation Method

Answer 26

(Cost - Salvage Value) / useful life

Question 27

Double Declining Depreciation Method

Answer 27

Prior Book Value * (2*(1/Useful life)) = Depreciation Expense, Book Value EB = PBV - DE

Question 28

Impairment Loss

Answer 28

Book Value - Fair Value

Question 29

Goodwill

Answer 29

Purchase Price - Net Assets

Question 30

Net Assets

Answer 30

Assets - Liabilities

Question 31

Fixed asset turnover

Answer 31

Net Sales / Avg net fixed assets

Question 32

Net Profit

Answer 32

Net sales - COGS

Question 33

Net Sales

Answer 33

Sales Revenue - Discounts

Question 34

AP Turnover Ratio

Answer 34

COGS / Avg AP

Question 35

Average days to pay AP

Answer 35

365 / AP Turnover

Question 36

TVM In Excel-Present value

Answer 36

PV(I,N,PMT,FV)

Question 37

TVM In Excel-Future Value

Answer 37

FV(I,N,PMT,PV)

Question 38

Bond interest paid

Answer 38

Par Value * Coupon Rate * Time

Question 39

Bond Interest Expense

Answer 39

Book Value * Market Rate * Time

Question 40

Bond Amortization

Answer 40

ABS (BIP - BIE)

Question 41

Premium Bond

Answer 41

Stated Rate > Market Rate

Question 42

Bond at Par

Answer 42

Stated Rate = Market Rate

Question 43

Discount Bond

Answer 43

Stated Rate < Market Rate

Question 44

PV of Principal

Answer 44

PV(Market Rate, N, FV)

Question 45

PV of Interest

Answer 45

PV(Market Rate, N, PMT) PMT = (Par Value * Stated Rate * Time)

Question 46

Issued Shares

Answer 46

Outstanding Shares + Treasury Shares

Question 47

$ Value a company receives when issuing stock

Answer 47

Market Value * # of shares sold

Question 48

Par Value of stock

Answer 48

Par value * # of shares sold

Question 49

APIC: Additional Paid in Capital

Answer 49

(Market Value * # of shares Sold) - (Par value * # of shares sold)

Question 50

Total Change in Cash

Answer 50

Operating + Investing + Financing Activities

Question 51

Cash Ending Balance

Answer 51

Cash BB + Total Change in Cash

Question 52

Quality of Income Ratio

Answer 52

Cash flow from operations / Net Income