FORMULA Flashcards
1
Q
net sales-cogs
A
GROSS PROFIT
2
Q
GROSS PROFIT-OPERATING EXPENSE
A
OPERATING PROFIT
3
Q
OPERATING INCOME + NON-OPERATING REVENUES - OTHER EXPENSES
A
NET INCOME
4
Q
CA/CL
A
CURRENT RATIO
5
Q
QA/CL
A
ACID TEST RATIO
6
Q
CASH/CL
A
CASH RATIO
7
Q
TOTAL LIABILITIES/TOTAL ASSET
A
DEBT RATIO
8
Q
TOTAL LIABILITIES/EQUITY
A
DEBT-EQUITY
9
Q
TOTAL EQUITY/TOTAL ASSETS
A
EQUITY RATIO
10
Q
OPERATING INCOME/INTEREST EXPENSE
A
TIMES INTEREST EARNED RATIO
11
Q
NET SALES/AVG. TOTAL ASSETS
A
ASSETS TURNOVER RATIO
12
Q
COGS/AVG. INVENTORY
A
INVENTORY TURNOVER RATIO
13
Q
NET CREDIT SALES/AVG. ACC RECEIVABLE
A
ACCOUNTS RECEIVABLE TURNOVER ASSETS
14
Q
365/IMVEMTORY TURNOVER
A
DAYS SALES IN INVENTORY
15
Q
GROSS PROFIT/NET SALES
A
GROSS PROFIT RATIO
