Equations (finance) Flashcards
1
Q
gross profit
A
sales - COGS
2
Q
define COGS
A
cost of goods sold
3
Q
COGS
A
opening stock + purchases - closing stock
4
Q
net profit
A
gross profit - expenses
5
Q
assets (for balance sheet)
A
liabilities + owners equity
6
Q
break even
A
fixed costs / sales price - variable costs
7
Q
debt to equity ratio
A
total liabilities / total equity
8
Q
net cash flow
A
cash inflow - cash outflow
