ratios
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19 Terms
Gross profit
Revenue - costs of goods sold
Gross profit margin
Gross profit/ revenue x 100
Revenue
Selling price x costs of goods sold
Mark up
Gross profit/ costs of sales x 100
Net profit
Gross profit - all other expenses
Costs of sales
Opening stock + purchases - closing stock
Roce
Net profit/capital employed x100
Current ratio
Current assets/ current liabilities
Acid test ratio
Current assest - inventory/ current liabilities
Trade revivable days
Trade receivables / credit sales x365
Trade payable days
Trade payables/credit purchases x365
Inventory turnover
Average inventory/ cost of sales x365
Average inventory
Opening stock + closing stock /2
Break even
Fixed costs / contribution per unit
Total costs
Variable + fixed costs
Total contribution
Total sales - total variable costs
Contribution per unit
Selling price - variable costs
Variable costs per unit
Add up all costs
Selling price per unit
Note 
Flashcards (27)