Shared Flashcard Set

Details

Equations
Equations of Accounting
17
Accounting
Undergraduate 1
12/03/2012

Additional Accounting Flashcards

 


 

Cards

Term

 

 

Receivables Turnover Ratio=

Definition



Net Credit Sales

Average Accounts Receivable

Term

 

 

Average Collection Period=

Definition

 

 

            365 Days     

Receivables Turnover Ratio

Term

 

 

Inventory Turnover Ratio=

Definition

 

 

Cost of Goods Sold

Average Inventory

Term

 

 

 

Average Days in Inventory=

Definition

 

 

     365 Days           

Inventory Turnover Ratio

Term

 

 

 

Current Ratio=

Definition

 

 

   Current Assets  

Current Liabilities

Term

 

 

Acid-test Ratio=

Definition

 



Cash+Current Investments+Accounts Receivable

Current Liabilities

Term

 

 

Debt to equity ratio=

Definition

 

 

Total Liabilities

Stockholders' Equity

Term

 

 

Times interest earned ratio=

Definition

 

 

Net Income+Interest Expense+tax Expense

Interest Expense

Term

 

 

Gross Profit Ratio=

Definition

 

 

Gross Profit

Net Sales

Term
Return on Assets=
Definition

     Net Income    

Average Total Assets

Term
Profit Margin=
Definition

Net Income

Net Sales

Term
Asset Turnover=
Definition

       Net Sales    

Average total Assets

Term
Return on Equity=
Definition

Net Income

Avg. S.E.

Term
Price-earnings Ratio=
Definition

    Stock Price   

Earnings Per Share

Term

 

 

Return on the Market Value of Equity=

Definition
          Net Income            
(Ending Stock Price x Number of shares)
Term

 

 

 

Earnings Per Share=

 

Definition

   Net Income    

Shares Outstanding

Term

 

 

Cash Flow to Sales Ratio

Definition

Operating Cash Flows

Net Sales

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