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26 Multiple choice questions

  1. (Acquisition cost - salvage value) / Estimated useful life
  2. (Beginning Inventory + Ending Inventory) / 2
  3. Net Income / Net Sales

    Higher is better. Measures profitability.
  4. Net income / Average total assets
  5. Accounts Receivable - Allowance for Doubtful Accounts
  6. Revenue - Expenses
  7. Current assets - Current liability
  8. Assets = Liabilities + Stockholders' Equity
  9. Revenue - (Allowances+Discounts+Returns)
  10. Net Sales / Average total assets
  11. Principal X Interest Rate X Time
  12. Cost of an asset - Accumulated Depreciation
  13. Total Liabilities / Total Assets

    Lower is better. Measures solvency.
  14. Income before expense / interest expense
  15. 365 / Inventory Turnover Ratio
  16. Net Sales / Average Accounts Receivable
  17. Net Income / # of outstanding shares
  18. Cash from operations - Capital Expenditures
  19. Cost of Goods Sold / Average Inventory
  20. Revenue - COGS
  21. Retained Earnings + Common Stock
  22. (Cash + short-term investments + accounts receivable) / Current Liabilities
  23. Beginning Balance + Net Income - Dividends
  24. 365 / Accounts Receivable Turnover
  25. Beginning Inventory
    +Cost of goods purchased during the period
    =Cost of goods available for sale
    -Ending Inventory
    =COGS
  26. Current assets / Current liabilities

    Higher is better. Measures Liquidity.