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Business planning formula

Authored by Gabriel Gim

Business

University

Used 2+ times

Business planning formula
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11 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The formula for gross profit ratio is

Net profit / Sales

Gross profit / Sales

Sales / gross profit

Gross profit / Net profit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The formula for net profit ratio

Sales / Net profit

Gross profit / Sales

Net profit / Sales

Net profit / Gross profit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The formula for return on assets is

Net profit / Total assets

Total assets / net profit

Net profit / Current assets

Current assets / net profit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The formula for current ratio is

Current assets - inventory / current liability

Current assets / current liability - inventory

Current liability / current assets

Current assets / current liability

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The formula for acid test ratio is

Current assets / total assets

Current assets - inventory / current liability

Current assets / total liability

Current assets - inventory / total liability

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The formula for inventory turnover period in days is

(Average inventory / cost of goods sold) X 365 days

(Average inventory / sales) X 365 days

(cost of goods sold / average inventory) X 365 days

(sales/ cost of goods sold) X 365 days

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The formula for accounts receivable turnover ratio in days is

(Sales / accounts receivable ) X 365 days

(cost of goods sold / accounts receivable ) X 365 days

(Accounts receivable / sales) X 365 days

(Sales / cost of goods sold ) X 365 days

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