Matching
Match each of the following terms with the appropriate formulas.
Premises:
(Accounts receivable x Net Sales) x 365
Total liabilities /Total assets
Cost of goods sold /Average inventory .(Net income - preferred dividends)/ Average
taxes/ Interest expense
(Net sales - Cost of goods sold)/ Net sales
(Ending inventory/ cost of goods sold) x 365 Annual cash dividends per share /Market price
per share
Net sales/ Average total assets
Net income /Net sales Income before interest expense and income
common stockholders' equity
Responses:
Times interest earned
Total asset turnover
Inventory turnover
Gross margin ratio
Return on common stockholders' equity
Dividend yield
Debt ratio
Days' sales uncollected
Days' sales in inventory
Profit margin ratio
Correct Answer:
Premises:
Responses:
(Accounts receivable x Net Sales) x 365
Total liabilities /Total assets
Cost of goods sold /Average inventory .(Net income - preferred dividends)/ Average
taxes/ Interest expense
(Net sales - Cost of goods sold)/ Net sales
(Ending inventory/ cost of goods sold) x 365 Annual cash dividends per share /Market price
per share
Net sales/ Average total assets
Net income /Net sales Income before interest expense and income
common stockholders' equity
Premises:
(Accounts receivable x Net Sales) x 365
Total liabilities /Total assets
Cost of goods sold /Average inventory .(Net income - preferred dividends)/ Average
taxes/ Interest expense
(Net sales - Cost of goods sold)/ Net sales
(Ending inventory/ cost of goods sold) x 365 Annual cash dividends per share /Market price
per share
Net sales/ Average total assets
Net income /Net sales Income before interest expense and income
common stockholders' equity
Responses:
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