Formulas Flashcards by Ryan Stew

Q

What is Working Capital?

A

CA-CL

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Q

What is Quick Assets?

A

CA-Inventory

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Q

What is Current Ratio?

A

CA/CL

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Q

What is Acid Test/Quick Ratio?

A

Quick Assets/CL

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Q

What is Debt/Equity Ratio?

A

LT Debt/Total Cap (Equity+LT Debt)

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Q

What is P/E Ratio?

A

Price/Earnings

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Q

What is Dividend Payout Ratio?

A

Dividend/EPS

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Q

What is Current Yield on Common Stock?

A

Annual Dividend/Current Market Price

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Q

What is Current Yield on Preffered Stock?

A

Annual Dividend/Current Market Price

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Q

What is Current Yield on Corporate Bond?

A

Annual Interest/Current Market Price

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Q

What is Parity of Common Stock?

A

Current Market Price of Convertable Bond/Conversion Ratio

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Q

What is Parity of Convertable Bond?

A

Current Market Price of Convertable Bond X Conversion Ratio

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Q

What is Tax Free Equivalent Yield?

A

Taxable Yield X (100% - Tax Bracket)

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Q

What is Taxable Equivalent Yield?

A

Tax Free Yield / (100% - Tax Bracket)

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Q

What is BE for a Straddle and Combos?

A

Strike Price (+/-) Premium(s)

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Q

What is BE for Call Spread?

A

Lower Strike Price + Net Premium (CAL)

Q

What is BE for Put Spread?

A

Higher Strike - Net Premium (PUSH)

Q

What is BE for Covered Call (Buy/Sell)?

A

Stock Cost - Premium

Q

What is BE for Protective Put?

A

Stock Cost + Premium

Q

What is Market Value at Maintenance Short?

A

Credit Balance / 1.3

Q

What is Market Value at Maintaince Long?

A

Debit Balance / 0.7