chapters 3+4 ratios and equations
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13 Terms
Times interest earned ratio
(net income + interest expense + income taxes) / interest expense
Debt to equity ratio
total liabilities / shareholder equity
Quick ratio
(current assets - inventories) / current liabilities
working capital
current assets - current liabilities
Current ratio
current assets / current liabilities
profit margin on sales
net income / net sales
return on assets
net income / average total assets
return on equity
net income / average shareholders equity
average days in inventory
365 / inventory turnover ratio
inventory turnover ratio
cost of goods sold / average inventory
Average collection period
365 / receivables turnover ratio
asset turnover ratio
net sales / average total assets
receivables turnover ratio
net sales / average accounts receivable (net)