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Chapter 17

TermDefinition
Profitability ratio The ratio that measures the ability of a business to generate income
Benchmark A standard used to compare financial performance
Comparative financial statements Financial statements that provide information for multiple fiscal periods
Trend analysis An analysis of changes over time
Profit margin Net income after federal income tax as a percent of net sales
Gross margin Gross profit as a percent of net sales
Operating margin Income from operations as a percent of net sales
Operating expenses ratio Total operating expenses as a percent of net sales
Solvency ratio A ratio that measures the ability of a business to pay its long term liabilities
Debt ratio Total liabilities divided by total assets
Horizontal analysis A comparison of one item on a financial statement with the same item on a previous period's financial statement
Earnings per share Net income after federal income tax divided by the number of understanding shares of stock
Market ratio A ratio that measures a corporations financial performance in relation to the market value of its stock
Dividend yield The relationship between dividends per share and market price per share
Price-earnings ratio The relationship between the market value per share and earnings per share of a stock
Liquidity ratio A ratio that measures the ability of a business to pay its current financial obligations
Working capital The amount of current assets less current liabilities
Current ratio A ratio that measures the relationship of current assets to current liabilities
Quick assets Cash and other current assets that can be quickly converted into cash
Quick ratio A ratio that measures the relationship of quick assets to current liabilities
Created by: andrew.v