Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Audit IM Q&A > ratios > Flashcards

ratios Flashcards

1
Q 
current ratio
current assets 5
current liabilities  3
liquid assets  2
cash flow from operations 0.2
A

1.666666667

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q 
current ratio
current assets 8
current liabilities  9
liquid assets  4
cash flow from operations 0.5
A

0.888888889

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q 
current ratio
current assets 4
current liabilities  7
liquid assets  3
cash flow from operations 0.7
A

0.571428571

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q 
current ratio
current assets 6
current liabilities  2
liquid assets  4
cash flow from operations 0.4
A

3

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q 
quick ratio
current assets 5
current liabilities  3
liquid assets  2
cash flow from operations 0.2
A

0.666666667

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q 
quick ratio
current assets 8
current liabilities  9
liquid assets  4
cash flow from operations 0.5
A

0.444444444

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q 
quick ratio
current assets 4
current liabilities  7
liquid assets  3
cash flow from operations 0.7
A

0.428571429

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q 
quick ratio
current assets 6
current liabilities  2
liquid assets  4
cash flow from operations 0.4
A

2

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q 
Operating cash flow Ratio
current assets 5
current liabilities  3
liquid assets  2
cash flow from operations 0.2
A

0.066666667

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q 
Operating cash flow Ratio
current assets 8
current liabilities  9
liquid assets  4
cash flow from operations 0.5
A

0.055555556

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q 
Operating cash flow Ratio
current assets 4
current liabilities  7
liquid assets  3
cash flow from operations 0.7
A

0.1

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q 
Operating cash flow Ratio
current assets 6
current liabilities  2
liquid assets  4
cash flow from operations 0.4
A

0.2

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

receivable turnover
Days out standing Acct. rec.

Credit Sales  90
Inventory 4
Receivables 10
Cost of Goods Sold (COGS)8
Days in a year 365
A

receivable turnover 9

Days out standing Acct. rec. 40.5555555555556

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

receivable turnover
Days out standing Acct. rec.

Credit Sales  40
Inventory 7
Receivables 5
Cost of Goods Sold (COGS)15
Days in a year 365
A

receivable turnover 8

Days out standing Acct. rec. 45.625

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q 
receivable turnover
Days out standing Acct. rec. 
Credit Sales  70
Inventory 2
Receivables 5
Cost of Goods Sold (COGS)7
Days in a year 365
A

receivable turnover 14

Days out standing Acct. rec. 26.0714285714286

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

receivable turnover
Days out standing Acct. rec.

Credit Sales  60
Inventory 5
Receivables 15
Cost of Goods Sold (COGS)15
Days in a year 365
A

receivable turnover 4

Days out standing Acct. rec. 91.25

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q 
invetory turnover
days of inventory on hand 
Credit Sales  90
Inventory 4
Receivables 10
Cost of Goods Sold (COGS)8
Days in a year 365
A

inventory turnover 2

days of inventory on hand 182.5

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q 
invetory turnover
days of inventory on hand 
Credit Sales  40
Inventory 7
Receivables 5
Cost of Goods Sold (COGS)15
Days in a year 365
A

inventory turnover 2.14285714285714

days of inventory on hand 170.333333333333

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q 
invetory turnover
Credit Sales  70
Inventory 2
Receivables 5
Cost of Goods Sold (COGS)7
Days in a year 365
A

inventory turnover 3.5

days of inventory on hand 104.285714285714

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q 
invetory turnover
days of inventory on hand 
Credit Sales  60
Inventory 5
Receivables 15
Cost of Goods Sold (COGS)15
Days in a year 365
A

inventory turnover 3

days of inventory on hand 121.666666666667

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q 
times interest earned 
net income  45
Gross profit 20
net Sales 100
interest expenses 3
A

times interest earned 16

22
Q 
times interest earned 
net income  12
Gross profit 40
net Sales 80
interest expenses 2
A

times interest earned 7

23
Q 
times interest earned 
net income  35
Gross profit 40
net Sales 90
interest expenses 3
A

times interest earned 12.6666666666667

24
Q 
times interest earned 
net income  30
Gross profit 50
net Sales 80
interest expenses 4
A

times interest earned 8.5

25
Q 
profit margin
net income  45
Gross profit 20
net Sales 100
interest expenses 3
A

profit margin 0.45

26
Q 
profit margin  
net income  12
Gross profit 40
net Sales 80
interest expenses 2
A

profit margin 0.15

27
Q 
profit margin
net income  35
Gross profit 40
net Sales 90
interest expenses 3
A

profit margin 0.388888888888889

28
Q 
profit margin
net income  30
Gross profit 50
net Sales 80
interest expenses 4
A

profit margin 0.375

29
Q 
Gross profit percentage
net income  45
Gross profit 20
net Sales 100
interest expenses 3
A

Gross profit percentage 0.2

30
Q 
Gross profit percentage
net income  12
Gross profit 40
net Sales 80
interest expenses 2
A

Gross profit percentage 0.5

31
Q 
Gross profit percentage
net income  35
Gross profit 40
net Sales 90
interest expenses 3
A

Gross profit percentage 0.444444444444444

32
Q 
Gross profit percentage
net income  30
Gross profit 50
net Sales 80
interest expenses 4
A

Gross profit percentage 0.625

33
Q 
Return on assets
Total assets 15
net income 4
stockholder equity 9
long term debt 1
short term debt 5
A

Return on assets 0.266666666666667

34
Q 
Return on assets
Total assets 20
net income 4
stockholder equity 5
long term debt 11
short term debt 4
A

Return on assets 0.2

35
Q 
Return on assets
Total assets 25
net income 5
stockholder equity 10
long term debt 10
short term debt 5
A

Return on assets 0.2

36
Q 
Return on assets
Total assets 20
net income 5
stockholder equity 15
long term debt 3
short term debt 2
A

Return on assets 0.25

37
Q 
Return on equity
Total assets 15
net income 4
stockholder equity 9
long term debt 1
short term debt 5
A

Return on equity 0.444444444444444

38
Q 
Return on equity
Total assets 20
net income 4
stockholder equity 5
long term debt 11
short term debt 4
A

Return on equity 0.8

39
Q 
Return on equity
Total assets 25
net income 5
stockholder equity 10
long term debt 10
short term debt 5
A

Return on equity 0.5

40
Q 
Return on equity
Total assets 20
net income 5
stockholder equity 15
long term debt 3
short term debt 2
A

Return on equity 0.333333333333333

41
Q 
debt to equity 
Total assets 15
net income 4
stockholder equity 9
long term debt 1
short term debt 5
A

debt to equity 0.666666666666667

42
Q 
debt to equity 
Total assets 20
net income 4
stockholder equity 5
long term debt 11
short term debt 4
A

debt to equity 3

43
Q 
debt to equity 
Total assets 25
net income 5
stockholder equity 10
long term debt 10
short term debt 5
A

debt to equity 1.5

44
Q 
debt to equity 
Total assets 20
net income 5
stockholder equity 15
long term debt 3
short term debt 2
A

debt to equity 0.333333333333333

45
Q 
liquid assets?
Cash	$ 240
Receivables	$400
Inventory	$600
Short-term Investments  $5
A

liquid assets?= $645

46
Q

The quick ratio, also known as the acid test

A

(Cash + Short-term Investments + Accounts Receivable)/Current Liabilities

47
Q

inventory turnover ratio

A

It is calculated as: Cost of Goods Sold / Average Inventory.

48
Q

inventory turnover ratio
Cost of goods sold 1800

Sales 3000
Inventory 600

A

Cost of Goods Sold $1,800,000 / Inventory $600,000 = 3

49
Q

Earnings per Share

A

Net Income / Average # of Common Shares Outstanding

50
Q

Gross Profit Ratio

A

(Sales - Cost of Sales) / Sales

Audit IM Q&A (5 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions