Financial Reports Aparasu

assets =

liabilities + owner's equity

current assets

assets that will be sold, consumed or converted to cash within the current operating cycle of the business (1y)
-cash
-accounts receivable
-inventories
-prepaid expenses
-short-term investments

net income =

revenue - expenses
GM - expenses

gross margin =

revenue - COGS

Gross margin % =

22.1% (NCPA digest)

(sales-COGS) X 100/ sales

sales = revenue? probably

NI% =

Net Income x 100%/ sales

Return on Equity (ROE)

Net Income x 100%/owner's equity

NCPA digest: 17.9%

Return on Assets (ROA) =

net income x 100%/ total assets

current ration (CR) =

current assets/current liabilities

quick ratio (QR) =

(current assets - inventory)/ current liabilities

ARCP =

accounts receivable/net credit sales per day

inventory turnover (ITO) =

COGS/avg inventory at cost
COGS/ (BI + EI)/2

COGS =

BI + P - EI

BI - beginning inventory
EI - ending inventory

equity =

assets - liability