Shared Flashcard Set

Details

Accounting Notecards
N/A
15
Accounting
Undergraduate 2
05/07/2011

Additional Accounting Flashcards

 


 

Cards

Term
Receivables turnover ration
Definition
Net Credit Sales/Average Accounts Receivable
Term
Average Collection Period
Definition
365 days/Receivable turnover ration
Term
Inventory Turnover
Ratio
Definition
Cost of
Goods Sold/Average Inventory
Term
Average days in Inventory
Definition
365 days/Inventory turnover ration
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
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
Return on Equity
Definition
Net Imcome/Average Stockholders Equity
Term
Earnings per share
Definition
Net Income - Preferred Stock Dividends/Average share of common stock oustanding
Term
Price earnings ratio
Definition
Stock Price/Earnings per share
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