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Details Title: Formulas Description: Formulas Total Flash Cards: 26 Created: 09/27/2007 13:30:16	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 Asset/Current Liabilities Term Quick/Acid Test Ratio Definition (Current Assets - Inventory) / Current Laibility Term Inventory Turnover Definition Sales / Inventories Term Days Sales Outstanding (DSO) Definition Receivables / Average Sales per day Term Fixed Assets Turnover Ratio Definition Sales / Net Fixed Assets Term Total Assets Turnover Ratio Definition Sales / Total Assets Term Debt Ratio Definition Total Debt / Total Assets Term D/E Definition (D/A) / (1 - D/A) Term D/A Definition (D/E) / (1 + D/E) Term Equity Multiplier Definition Total Assets / Equity Term Debt Ratio Definition 1 - (1 / Equity Multiplier) Term Times Interest Earned (TIE) ratio Definition EBIT / Interest Charges Term Profit Margin on Sales (M) Definition Net Income (available to common s-h) / Sales Term Basic Earning Power (BEP) Definition EBIT / Total Assets Term Return on Assets (ROA) Definition Net Income / Total Assets Term Return on Equity (ROE) Definition Net Income / Common Equity Term Price / Earning (P/E) Definition Price per share / Earnings per share Term Book Value per share Definition Common Equity / Shares Outstanding Term Market/Book (M/B) ratio Definition Market price per share / Book value per share Term ROE Definition ROA X Equity Multiplier OR (Profit Margin)(Total Assets Turnover)(Equity Multiplier) Term NOWC Definition Operating Current Assets - Operating Current Liab OR (cash + AR + Inventory) - (AP + Accruals) Term Total Net Operating Capital Definition NOWC + Operating Long Term Assets Term Net Operating Profit after Tax (NOPAT) Definition EBIT(1 - Tax rate) Term Free Cash Flow (FCF) Definition NOPAT - Net investment in operating capital Term Return on Invested Capital (ROIC) Definition NOPAT / Operating Capital Term EVA Definition NOPAT - (WACC)(Operating Capital) OR Operating Capital(ROIC - WACC)