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Mr Grant > Ratios > Flashcards

Ratios Flashcards

1
Q

What’s liquidity

A

Measures ability of business surviving in the short term

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2
Q

Calculations for liquidity

A

Current ratio
Liquid capital ratio (acid test)

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3
Q

Current ratio

A

Current assets/current liabilities

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4
Q

Liquid capital ratio (acid test)

A

Current assets-inventories/ current liabilities

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5
Q

Assets

A

Something you own

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6
Q

Non current/fixed assets

A

Assets that stay in a business for more than one year
Land,buildings, equipment

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7
Q

Current assets

A

Assets that can be turned into cash within one year
Stock, inventory

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8
Q

Tangible assets

A

Assets that can be touched
Stock

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9
Q

Intangible assets

A

Assets that can’t be touched but add value
Patents, logo, brand names

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10
Q

Liabilities

A

Something a business owes

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11
Q

Non current liabilities

A

Debts that take longer to pay

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12
Q

Current liabilities

A

Debt that’s payable within a year
Overdraft debt, wages

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Mr Grant (8 decks)

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