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Finance > Fin part 2: Quan > Flashcards

Fin part 2: Quan Flashcards

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1
Q

Profit Margin

A

NIAT/ Sales

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2
Q

ROA: Return on Assets

A

-Net Income/ Total Assets
-Net Income/ Sales * Sales/Total Asset

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3
Q

ROE: Return on Equity

A

Net Income/ Stockholder’s Equity (Total Debt -Debt = Equity)

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4
Q

Acct Receivables Turnover(ART):

A

-Sales/ Receivables

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5
Q

Average Collection Period (ACP)

A

Acct Recievable/ Avg Daily Credit Sales

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6
Q

Inventory Turnover (IT)

A

Sales/ Inventory

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7
Q

Fixed Asset Turnover(FAT)

A

Sales/Fixed Assets

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8
Q

Total Asset Turnover (AT)

A

Sales/Total Assets

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9
Q

Current Ratio (CR)

A

Current Assets/ Current Liabilities

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10
Q

Quick Ratio

A

Current Assets - Inventory/ Current Liabilities

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11
Q

Debt Ratio (DR)

A

Total Debt/ Total Assets

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12
Q

Times Interest Earned

A

EBIT/ I

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13
Q

Par Value

A

Common Stock Acct/ # of Shares Outstanding

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14
Q

Original Issue Price

A

Common Stock Acct + PD in Capital/ # of Shares

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15
Q

Stock Price

A

P/E = Market Price of Stock / Earnings per Share

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16
Q

How much will Depreciation expense reduce taxes?

A

-DEPRECIATION IS A TAX DEDUCTIBLE EXPENSE, SO EVERY DOLLAR IN DEPRECIATION REDUCES TAXABLE INCOME

-Ex: DE : 1000 ; Tax Rate: 40%

-DEPR of $1000 would reduce taxes by $400 dollars ($1000*.4)

17
Q

Cost After Tax

A

THE COSTAT = COSTBT (1 – t) WHERE t = TAX RATE

18
Q

Rate After Tax

A

THE RATEAT = RATEBT (1 - t) WHERE t = TAX RATE

19
Q

After Tax Interest Rate

A

BEFORE TAX INTEREST RATE (1-t)

20
Q

Net Worth Capital

A

CURRENT ASSESTS – CURRENT LIABILITIES

21
Q

Current Liabilities

A

(TD + E) – (LTD + E)

22
Q

Current Assets

A

TOTAL ASSETS – LTA

23
Q

Equity

A

Total Asset – DEBT

24
Q

TIER

A

(Tier 1 capital + Tier 2 capital) / Risk-Weighted Assets

25
Q

TA Turnover

A

Concurrent Assets + Current Assets

26
Q

AR Turnover

A

Net Credit Sales/ Avg Acct Receivable

27
Q

Break Even (BE) units

A

FC/(P – VC per unit)

28
Q

Break Even (BE) dollars

A

FC / (1 – VC/SALES)

29
Q

DOL

A

(S – VC) / (S – VC – FC)

30
Q

DFL

A

EBIT / (EBIT – I)

31
Q

DCL

A

(S – VC) / (S – VC – FC – I)

32
Q

EPS

A

NIAT / # COMMON SHARES OUTSTD

Finance (7 decks)

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