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Accounting Final

final

QuestionAnswer
Liquidity: Working Capital current assets - current liability
Liquidity: Current Ratio *always higher than quick* current assets / current liabilities
Liquidity: Quick/Acid Test Ratio Cash + Short Term Investments + Accts. Rec. / Current Liabilities
Activity: Accounts Receivable Turnover Sales / Average Accts. Rec
Activity: Average Collection Period Accounts Receivable/ (sales/365)
Activity: Inventory Turnover Cost of Goods Sold / Average Inventory
Activity: Asset Turnover Sales / Average Assets
Debt to Equity Total Liab / Total Equity
Times Interest Earned Operating Income / Interest Expense
Earnings Per Share (EPS) Net Income / Average # Common Shares
Dividend Yield Dividend / Market Price
Amount to be Depreciated Cost - Salvage Value
Annual Depreciation Expense Amount to be depreciated / useful life
Net book Value Cost - accumulated depreciation
Accounting Equation A = L + SE R= Revenue - Expenses A= L + PIC + (Beg. RE + NI - Div) = End RE
Average Stockholders Equity Beg SE + End SE / 2
Return on Equity (ROE) Net Income / Avg SE
Average Total Assets Sales / Turnover
Net Income Sales / Margin
Return on Investment (ROI) Net Income / Average Total Assets
Interest Principal x Rate x Time
Rate of Return on Annual Basis Amount of Return / Amount of Investment
Margin Net Income / Sales
Turnover Sales / Average Total Assets
Average Income Tax Rate Income Tax Expense / Earnings Before Taxes
Interest Rate Interest Expense / Long Term Debt
Par Value Per Share Common Stock / Shares
Dividend Policy Dividends declared&paid / Net Income
Created by: acorso3