acc301 chpt 4 formulas
Flashcard
•
Mathematics
•
University
•
Practice Problem
•
Hard
Shana Zbaren
Used 1+ times
FREE Resource
Student preview
8 questions
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1.
FLASHCARD QUESTION
Front
Asset Turnover Ratio
Back
Net Sales/Average Total Assets
2.
FLASHCARD QUESTION
Front
Receivables Turnover Ratio
Back
Net Sales/Average Accounts Receivable
3.
FLASHCARD QUESTION
Front
Average Collection (time)
Back
365/receivables turnover rate
4.
FLASHCARD QUESTION
Front
Inventory turnover Ratio
Back
COGS/Average inventory
5.
FLASHCARD QUESTION
Front
Average days in inventory
Back
365/inventory turnover rate
6.
FLASHCARD QUESTION
Front
Profit Margin on Sales
Back
net income/net sales
7.
FLASHCARD QUESTION
Front
Return on Assets
Back
Net Income/average total assets
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