Shared Flashcard Set

Details

Intro to Accounting - VULS
Kevin Crumbo's Flash Cards
23
Accounting
Professional
12/18/2008

Additional Accounting Flashcards

 


 

Cards

Term
Inventory Turnover
Definition
Cost of Goods Sold / Average Inventory
Term
Average Days Supply in Inventory
Definition
# of Days in Year / Inventory Turnover
Term
Times Interest Earned Ratio
Definition
Net Income + Interest Expense + Income Tax Expense / Interest Expense
Term
Cash Coverage Ratio
Definition
Cash from Operating Activities + Interest Paid + Taxes Paid / Interest Paid (from Cash Flow Statement)
Term
Debt to Equity Ratio
Definition
Total Liabilities / Owners' Equity
Term
Price / Earnings Ratio
Definition
Current Market Price Per Share / Earnings Per Share
Term
Dividend Yield
Definition
Dividend Per Share / Market Price Per Share
Term
Average Age of Receivables
Definition
Days in a Year / Receivable Turnover
Term
Receivable Turnover
Definition
Net Credit Sales / Average Net Receivables
Term
Quick Ratio (Acid Test)
Definition
Quick Assets / Current Liabilities
Term
Current Ratio
Definition
Current Assets / Current Liabilities
Term
Cash Ratio
Definition
Cash + Cash Equivalents / Current Liabilities
Term
Asset Turnover
Definition
Net Sales Revenue / Average Total Assets
Term
Fixed Asset Turnover
Definition
Net Sales Revenue / Average Net Fixed Assets
Term
Profit Margin
Definition
Income (Before Extraordinary Items) / Net Sales Revenue
Term
Quality of Income
Definition
Cash Flows from Operating Activities / Net Income
Term
Earnings Per Share
Definition
Income / Avg. # of Common Stock Shares Outstanding
Term
Financial Leverage Percentage
Definition
ROE - ROA
Term
Return on Assets
Definition
Net Income + Interest Expense (Net Of Tax- times .66% (100-34% tax)) / Average Total Assets
Term
Return on Equity
Definition
Income / Average Owners' Equity
Term
Break Even Analysis
Definition
Fixed Costs / Contribution Margin
Term
Contribution Margin
Definition
Revenue - Cost of Production
Term
ROI
Definition
gain or loss / cost of the investment
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