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Details Title: Accoutning Description: Ratios Total Flash Cards: 19 Created: 05/05/2006 15:56:47	To study from this set of flash cards, or to create your own your own study flash cards, register HERE. If you are already a registered user, CLICK HERE.
Cards Term Current Ratio Definition Current assets / current liabilities = to 1 Term Quick ratio or acid test ratio Definition Cash + marketable securities + net recievables / current liabilities = to 1 Term Receivables turnover Definition Net sales / average net receivables = times Also # of days: 365 / times (Answer) Term Inventory turnover Definition Cost of Goods Sold / average inventory = times # of days: 365 / times (answer) Term asset turnover Definition net sales / average total assets Term profit margin on sales Definition net income / net sales Term rate of return on assets Definition net income / average total assets Term earnings per share Definition net income - preferred stock dividneds / average common stockholders equity Term working capital Definition current assets - current liabilities Term price earnings ratio Definition market price / earnings per share = times Term Dividends per share Definition Dividneds / # of shares Term three designations of stock Definition Authorized, Issued, and Outstanding Term Authorized Definition Permission Term Issued Definition total sold Term Outstanding Definition Still outstanding (total sold - Treasury stock) Term Dividends we owe Definition Dividends in arears Term Dividends become Definition Cash dividends payable Term stock dividends (large) Definition Par Term Stock dividends (small) Definition FMV