FORMULAS Flashcards

(32 cards)

1
Q

SE - BV PER SHARE

A

Common Shareholders Equity
/ Common shares outstanding
= BV per Common Share

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2
Q

SE - Common Shareholders Equity

A

Total Equity

  • Preferred Stock Outstanding
  • Cumulative Preferred Dividends in Arrears
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3
Q

SE - Cash Dividends

A
Cash Dividends
-  PF Current %
-  PF in Arrears
=  Balance
- CS PF %
=  Balance Pro-rated
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4
Q

SE - Stock Dividends

A

Small (Less than 20 - 25%) Use MV

Large (Greater than 20 -25%) Use PV

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5
Q

SE - Basic EPS

A

Net Income - Pref Dividends
/ WACSO
= Basic EPS

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6
Q

SE - Diluted EPS

A

Net Income + Interest (net of tax)

/ WACSO + converted shares

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7
Q

SE - Diluted stock options/warrants

A

If market price is greater than option price

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8
Q

WC

A

CA - CL

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9
Q

CR

A

CA/CL

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10
Q

QR

A

CA + Net Rec + MS

/ CL

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11
Q

Cash Ratio

A

Cash + MS

/ CL

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12
Q

A/R Turnover

A

Credit Sales

/ Ave Net Rec

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13
Q

A/R Turnover in Days

A

365

/ A/R Turnover

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14
Q

Inventory Turnover

A

COS

/ Ave Inventory

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15
Q

Inventory Turnover in Days

A

365

/ Ave Inventory

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16
Q

Operating Cycle

A

A/R turnover in days + Inventory turnover in days

17
Q

WC Turnover

A

Net Sales

/ Ave WC

18
Q

Total Asset Turnover

A

Net Sales

/ Ave Total Assets

19
Q

Return on Total Assets

A

Net Income

/ Ave Total Assets

20
Q

Return on Investment

A

Net Income + Interest (net of Tax)

/ Ave (Liabilities + Equity)

21
Q

Dupont Return on Assets

A

Net Profit Margin x Total Assets Turnover

22
Q

Return on Common Equity

A

Net Income - Pref Dividends

/ Ave Common Equity

23
Q

Debt to Equity

A

Liabilities

/ Common Equity

24
Q

Debt Ratio

A

Liabilities

/ Assets

25
TImes Interest Earned
NBIT | / Interest
26
SIRAGE - G - recognized in I/S - recognize in OCI Corridor Approach
``` Unrecognized G/L - Greater of 10% PBO or FV PA = Excess / Ave Service Life = Amortization ```
27
SIRAGE - E
Funded Status / Greater of 15 years or Ave Job Life remaining = Amortization of existing net oblig or asset
28
SIRAGE - E (Post retirement) - Expense - Amortize
Funded Status / Greater of 20 years or Ave Job Life remaining = Amortization of existing net oblig or asset
29
Lease Discount/Premium Amortization Bond Issue Costs Straight Line
Straight Line Discount/Premium/Bond Issue Costs / Period Outstanding
30
Reportable Segment Tests
10% Size (Combined revenues, Greater of Profit or Loss or Assets) 75% Sufficiency (Consolidated Revenues)
31
Operating profit Segment
Segment Revenues (External and Internal) (Direct costs) (Allocated Costs) = Operating Profit
32
Lack Commercial Substance
Partial gain if boot received is less than 25% | Full gain is boot received is greater than 25%