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Final Exam Accounting 2 Paulette Rodriguez UTEP CH 14 formulas $8.99
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Final Exam Accounting 2 Paulette Rodriguez UTEP CH 14 formulas

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Final Exam Accounting 2 Paulette Rodriguez UTEP CH 14 formulas Working Capital - CORRECT ANSWERcurrent assets - current liabilities Current Ratio - CORRECT ANSWERcurrent assets divided by current liabilities

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  • January 31, 2025
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
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Final Exam Accounting 2 Paulette Rodriguez UTEP
CH 14 formulas
Working Capital - CORRECT ANSWER✅✅✅current assets - current liabilities



Current Ratio - CORRECT ANSWER✅✅✅current assets divided by current liabilities



Quick Ratio - CORRECT ANSWER✅✅✅(Current Assets - Inventory) / Current Liabilities



AR turnover - CORRECT ANSWER✅✅✅Sales/AVG AR



Number of Days' sales in receivables - CORRECT ANSWER✅✅✅AVG AR/ AVG daily
sales


INV turnover - CORRECT ANSWER✅✅✅COGS/AVG INV



Number of days' sales in inv - CORRECT ANSWER✅✅✅=avG INV/ AVG daily COGS



Times interest earned - CORRECT ANSWER✅✅✅(income before income tax+Interest
expense)/Interest expense


Asset turnover - CORRECT ANSWER✅✅✅Sales/AVG total assets



Return on total assets - CORRECT ANSWER✅✅✅(Net income+Interest expense)/AVG
total assets


Return on SE - CORRECT ANSWER✅✅✅NI/AVG total SE



Return on common SE - CORRECT ANSWER✅✅✅(NI-div)/AVG CSE

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