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Audit IM Q&A > ratios > Flashcards

Flashcards in ratios Deck (50):
1

current ratio
current assets 5
current liabilities 3
liquid assets 2
cash flow from operations 0.2

1.666666667

2

current ratio
current assets 8
current liabilities 9
liquid assets 4
cash flow from operations 0.5

0.888888889

3

current ratio
current assets 4
current liabilities 7
liquid assets 3
cash flow from operations 0.7

0.571428571

4

current ratio
current assets 6
current liabilities 2
liquid assets 4
cash flow from operations 0.4

3

5

quick ratio
current assets 5
current liabilities 3
liquid assets 2
cash flow from operations 0.2

0.666666667

6

quick ratio
current assets 8
current liabilities 9
liquid assets 4
cash flow from operations 0.5

0.444444444

7

quick ratio
current assets 4
current liabilities 7
liquid assets 3
cash flow from operations 0.7

0.428571429

8

quick ratio
current assets 6
current liabilities 2
liquid assets 4
cash flow from operations 0.4

2

9

Operating cash flow Ratio
current assets 5
current liabilities 3
liquid assets 2
cash flow from operations 0.2

0.066666667

10

Operating cash flow Ratio
current assets 8
current liabilities 9
liquid assets 4
cash flow from operations 0.5

0.055555556

11

Operating cash flow Ratio
current assets 4
current liabilities 7
liquid assets 3
cash flow from operations 0.7

0.1

12

Operating cash flow Ratio
current assets 6
current liabilities 2
liquid assets 4
cash flow from operations 0.4

0.2

13

receivable turnover
Days out standing Acct. rec.

Credit Sales 90
Inventory 4
Receivables 10
Cost of Goods Sold (COGS)8
Days in a year 365

receivable turnover 9
Days out standing Acct. rec. 40.5555555555556

14

receivable turnover
Days out standing Acct. rec.

Credit Sales 40
Inventory 7
Receivables 5
Cost of Goods Sold (COGS)15
Days in a year 365

receivable turnover 8
Days out standing Acct. rec. 45.625

15

receivable turnover
Days out standing Acct. rec.
Credit Sales 70
Inventory 2
Receivables 5
Cost of Goods Sold (COGS)7
Days in a year 365

receivable turnover 14
Days out standing Acct. rec. 26.0714285714286

16

receivable turnover
Days out standing Acct. rec.

Credit Sales 60
Inventory 5
Receivables 15
Cost of Goods Sold (COGS)15
Days in a year 365

receivable turnover 4
Days out standing Acct. rec. 91.25

17

invetory turnover
days of inventory on hand
Credit Sales 90
Inventory 4
Receivables 10
Cost of Goods Sold (COGS)8
Days in a year 365

inventory turnover 2
days of inventory on hand 182.5

18

invetory turnover
days of inventory on hand
Credit Sales 40
Inventory 7
Receivables 5
Cost of Goods Sold (COGS)15
Days in a year 365

inventory turnover 2.14285714285714
days of inventory on hand 170.333333333333

19

invetory turnover
Credit Sales 70
Inventory 2
Receivables 5
Cost of Goods Sold (COGS)7
Days in a year 365


inventory turnover 3.5
days of inventory on hand 104.285714285714

20

invetory turnover
days of inventory on hand
Credit Sales 60
Inventory 5
Receivables 15
Cost of Goods Sold (COGS)15
Days in a year 365

inventory turnover 3
days of inventory on hand 121.666666666667

21

times interest earned
net income 45
Gross profit 20
net Sales 100
interest expenses 3

times interest earned 16

22

times interest earned
net income 12
Gross profit 40
net Sales 80
interest expenses 2

times interest earned 7

23

times interest earned
net income 35
Gross profit 40
net Sales 90
interest expenses 3

times interest earned 12.6666666666667

24

times interest earned
net income 30
Gross profit 50
net Sales 80
interest expenses 4

times interest earned 8.5

25

profit margin
net income 45
Gross profit 20
net Sales 100
interest expenses 3

profit margin 0.45

26

profit margin
net income 12
Gross profit 40
net Sales 80
interest expenses 2

profit margin 0.15

27

profit margin
net income 35
Gross profit 40
net Sales 90
interest expenses 3

profit margin 0.388888888888889

28

profit margin
net income 30
Gross profit 50
net Sales 80
interest expenses 4


profit margin 0.375

29

Gross profit percentage
net income 45
Gross profit 20
net Sales 100
interest expenses 3

Gross profit percentage 0.2

30

Gross profit percentage
net income 12
Gross profit 40
net Sales 80
interest expenses 2

Gross profit percentage 0.5

31

Gross profit percentage
net income 35
Gross profit 40
net Sales 90
interest expenses 3

Gross profit percentage 0.444444444444444

32

Gross profit percentage
net income 30
Gross profit 50
net Sales 80
interest expenses 4

Gross profit percentage 0.625

33

Return on assets
Total assets 15
net income 4
stockholder equity 9
long term debt 1
short term debt 5

Return on assets 0.266666666666667

34

Return on assets
Total assets 20
net income 4
stockholder equity 5
long term debt 11
short term debt 4

Return on assets 0.2

35

Return on assets
Total assets 25
net income 5
stockholder equity 10
long term debt 10
short term debt 5

Return on assets 0.2

36

Return on assets
Total assets 20
net income 5
stockholder equity 15
long term debt 3
short term debt 2

Return on assets 0.25

37

Return on equity
Total assets 15
net income 4
stockholder equity 9
long term debt 1
short term debt 5

Return on equity 0.444444444444444

38

Return on equity
Total assets 20
net income 4
stockholder equity 5
long term debt 11
short term debt 4

Return on equity 0.8

39

Return on equity
Total assets 25
net income 5
stockholder equity 10
long term debt 10
short term debt 5

Return on equity 0.5

40

Return on equity
Total assets 20
net income 5
stockholder equity 15
long term debt 3
short term debt 2

Return on equity 0.333333333333333

41

debt to equity
Total assets 15
net income 4
stockholder equity 9
long term debt 1
short term debt 5

debt to equity 0.666666666666667

42

debt to equity
Total assets 20
net income 4
stockholder equity 5
long term debt 11
short term debt 4

debt to equity 3

43

debt to equity
Total assets 25
net income 5
stockholder equity 10
long term debt 10
short term debt 5

debt to equity 1.5

44

debt to equity
Total assets 20
net income 5
stockholder equity 15
long term debt 3
short term debt 2

debt to equity 0.333333333333333

45

liquid assets?
Cash $ 240
Receivables $400
Inventory $600
Short-term Investments $5

liquid assets?= $645

46

The quick ratio, also known as the acid test

(Cash + Short-term Investments + Accounts Receivable)/Current Liabilities

47

inventory turnover ratio

It is calculated as: Cost of Goods Sold / Average Inventory.

48

inventory turnover ratio
Cost of goods sold 1800

Sales 3000
Inventory 600

Cost of Goods Sold $1,800,000 / Inventory $600,000 = 3

49

Earnings per Share

Net Income / Average # of Common Shares Outstanding

50

Gross Profit Ratio

(Sales - Cost of Sales) / Sales