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MCPHS-Management

MCPHS-Pharmacy Management Calculations Test 1

TermCalculation
Gross Margin Net Sales - Cost of Goods Sold
Net Profit Gross Margin - Total Expenses
Net Sales Gross Sales - (Returns + Allowances)
Net Purchases Purchases - Discounts
Cost of Goods Available for Sale Beginning Inventory + Net Purchases + Freight In
Cost of Goods Sold Cost of Goods Available for Sale - Ending Inventory
Acid Ratio (Quick Assets) / (Current Liabilities)
Quick Assets Current Assets - Inventory
Inventory to Net Working Capital Inventory / (Current Assets - Current Liabilities)
Current Ratio (Current Assets) / (Current Liabilities) or (Current Liabilities) / (Net Working Capital)
Financial Position (Total Liabilities) / (Net Worth) or (Current Liabilities) / (Net Worth) or (Fixed Assets) / (Net Worth)
Profitability (Net Profit) / (Whatever Term)
Efficiency (Net Sales) / (Whatever Term)
Inventory Turnover (Cost of Goods Sold) / (Average Inventory)
Average Accounts Payable Remittance Time (Ending Accounts Payable Outstanding) / (Annual Purchases) / 365
Accounts Receivable Collection Period (Ending Accounts Receivable Outstanding) / (Annual Credit Sales) / 365
Created by: MCPHS
Popular Pharmacology sets

 

 



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