Module 1 Flashcards
1
Q
Assets
A
Liabilities + Equity
2
Q
Investing
A
Nonowner Financing + Owner Financing
3
Q
Return on Assets
A
Net Income / Average Assets
OR
Profitability (Profit Margin) x Productivity (Asset Turnover)
4
Q
Profitability (Profit Margin)
A
Net Income / Sales
5
Q
Productivity (Asset Turnover)
A
Sales / Average Assets
6
Q
Return on Equity
A
Net Income / Average Equity
