acc301 chpt 4 formulas

Front

Asset Turnover Ratio

Back

Net Sales/Average Total Assets

Front

Receivables Turnover Ratio

Back

Net Sales/Average Accounts Receivable

Front

Average Collection (time)

Back

365/receivables turnover rate

Front

Inventory turnover Ratio

Back

COGS/Average inventory

Front

Average days in inventory

Back

365/inventory turnover rate

Front

Profit Margin on Sales

Back

net income/net sales

Front

Return on Assets

Back

Net Income/average total assets

Front

Return on Equity

Back

net income/average shareholders equity