Exam Note
Autor: Shirley Kuang • July 8, 2016 • Study Guide • 839 Words (4 Pages) • 779 Views
Formula
- Opertating cycle(oc)=AAI+ACP. Cash conversion cycle(ccc)=AAI+ACP-APP
- SGR = ROE* X Retention Rate (RR)/1 – ROE X RR
- Current ratio= Current assets /Current liabilities
- Quick ratio = Current assets – Inventory –Prepaids(Acid test)/ current liabilities
6. Cash ratio = Cash + Marketable securities/ current liabilities
7. Receivables turnover = Annual credit sales/Accounts receivable
8. Receivables collection period = 365/ Receivables turnover
9. Inventory turnover = Cost of goods sold /Average inventory
10. Inventory period [86 days] = 365 /Inventory turnover [4.24]
11. Payables turnover [7.61] = Operating expenses /Average accounts payable
12. Payables period [48 days] = 365_/ Payables turnover [7.61]
13. Asset turnover ratio [1.405] = Sales [$400,988]/ Total assets
14. Debt ratio [.19] = Total debt [$53,313] /Total assets [$285,484]
15. Debt-to-equity ratio [0.38] = Total debt [$53,313] /Total equity [$141,928]
16. Interest coverage [14.81] = EBIT*_[$35,438]/ Interest charges [$2,393]
17. Leverage under the DuPont ratio is:
Assets-to-equity ratio [2.011] = Total assets [$285,484] /Equity [$141,928]
18. Gross profit margin [0.12] = Sales - Cost of goods sold /Sales
Return on assets [0.08] = Net earnings [$22,851] /Total assets [$285,48
Return on equity (ROE) [0.161] = Net earnings /Shareholders’ equity
Return on sales (ROS) [0.057]= Net earnings [$22,851]/ Sales [$400,988]
Sales to EBITDA* ratio [7.93] = Sales /EBITDA [$35,438 + $15,121]
...