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AAT Level 4 - Management Account > 12 - Financial Performance Indicators > Flashcards

12 - Financial Performance Indicators Flashcards

1
Q

What is the current ratio formula?

A

Current Assets / Current Liabilities

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2
Q

What is the quick ratio/acid test formula?

A

Current Assets - Inventory / Current Liabilities

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3
Q

What is the equation for average inventory holding period?

A

Closing Inventory / COS x 365

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4
Q
A
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AAT Level 4 - Management Account (14 decks)

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