acct i s 100 midterm 2 formulas
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26 Terms
ending retained earnings
beginning retained earnings + net income - dividends
net sales
sales revenue - sales discounts - sales returns
gross profit
net sales - cost of good sold
net income
Gross profit - expenses + gains - losses
net accounts receivable
total accounts receivable - allowance for uncollectible accounts
receivables turnover ratio
net credit sales / average net accounts receivable
current ratio
current assets / current liabilities
debt to asset ratio
total liabilities / total liabilities
price earnings ratio
stock price / basic income (earnings per share)
average collection period
365 / receivables turnover ratio
inventory turnover ratio
COGS / average inventory
average days in inventory
365 / inventory turnover ratio
gross profit ratio
gross profit / net sales
goodwill
purchase price - fair value
book value
original cost - total accumulated depreciation
depreciable cost
coat of asset - residual value
straight line depreciation
annual depreciation expense
(cost - residual value) / useful life
depreciation expense
annual depreciation expense x (months used / 12)
return on assets ratio
net income / average total assets
return on assets 2
profit margin x asset turnover ratio
profit margin
net income / net sales
asset turnover ratio
net sales / average total assets
interest revenue
principal x annual interest rate x (months / 12)
cash holdings ratio
(cash + cash equivalents) / total assets
investments to assets ratio
(short and long-term investments) / total assets
return on investments ratio
investment related income / short and long-term investments