Shared Flashcard Set

Details

Managerial Accounting Garrison
Final Exam
14
Accounting
Undergraduate 2
04/24/2011

Additional Accounting Flashcards

 


 

Cards

Term
Working Capital
Definition
Current Assets - Current Liabilities
Term
Gross Margin
Definition
Gross Margin divided by Sales
Term
Price Earnings Ratio
Definition
Market price per share divided by Earnings Per Share
Term
Accounts Reveivable Turnover
Definition
Sales on Account divded by Average Accounts Receivable Balance
Term
Current Ratio
Definition
Current Assets divided by Current Liabilities
Term
Inventory Turnover
Definition
Cost of Goods Sold Divided by Average Inventory Balance
Term
Average Collection Period
Definition
35 days divided by Accounts receivable turnover
Term
Times Interest Earned
Definition
Earnings before Interest expenses and Income Tax divided by Interest Expense
Term
Debt to Equity Ratio
Definition
Liabilities divided by Stockholders Equity
Term
Average Sale Period
Definition
365 Days divided by Inventory Turnover
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