Acid test quick ratio - Study guides, Class notes & Summaries

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TEST BANK Enterprise Risk Management S - The Marketplace to Buy and Sell your Study Material 1 RSK2601 TEST BANK Question 1 Which one of the following is a benefit of effective risk and opportunity management? 1) Improved profit certainty 2) Increased shareholder value 3) Increased stakeholder confidence Correct option 3 4) Lower economic returns Explanation Improved cost certainty, sustainable shareholder value, increased stakeholder confidence and higher economic returns are all benefits of ef...

Breakeven Point? CORRECT ANSWER total cost = total revenue Working capital ratio CORRECT ANSWER current assets / current liabilities Acid-test (quick) ratio CORRECT ANSWER (cash + AR + short-term investments) / current liabilities debt to assets ratio CORRECT ANSWER total liabilities/total assets FTE (full time equivalent) CORRECT ANSWER total number of hours per employee in a week / 40 (i.e. 12+14+40+30 div. by 40) Profit margin CORRECT ANSWER NOI/Tot. Revenue. Defined as "incom...

yield curve Correct Answer-longer term bonds have higher yields than shorter term bonds balance sheets Correct Answer-Assets= liabilities + shareholders equity current ratios Correct Answer-current assets divided by current liabilities Quick Ratio (Acid Test) Correct Answer-(Current Assets - Inventories) / Current Liabilities beta Correct Answer-A measure of a stock's volatility compared to changes in the overall stock market. alpha Correct Answer-(actual return − risk-free r...

BUSI 490 IntensiveWhat is the current ratio? - correct answer current assets/current liabilities What is the quick (acid test) ratio? - correct answer current assets - inventory/current liabilities What is the total debt ratio? - correct answer (total assets - total equity)/total assets What is the times interest earned ratio? - correct answer EBIT/interest expense What is the inventory turnover ratio? - correct answer cost of goods sold/average inventory What is day's sales in i...

Breakeven Point? - ANSWER total cost = total revenue Working capital ratio - ANSWER current assets / current liabilities Acid-test (quick) ratio - ANSWER (cash + AR + short-term investments) / current liabilities debt to assets ratio - ANSWER total liabilities/total assets FTE (full time equivalent) - ANSWER total number of hours per employee in a week / 40 (i.e. 12+14+40+30 div. by 40) Profit margin - ANSWER NOI/Tot. Revenue. Defined as "income to sales. 2 types, gross prof marg...

Retained earnings Ans Accumulated earnings retained and not paid out to shareholders. Leverage ratios Ans Evaluate how much a company uses borrowed funds in their operations compared to investments made by owners. Debt to asset ratio Ans Total liabilities/Total assets Debt to equity ratio Ans :Total liabilities/Owner' equity Liquidity ratios Ans Evaluate how fast assets can be converted into cash (with emphasis on an ability to pay short-term debts that may come due). Current rati...

OCC ANBE Exam (Master Set) Questions & Answers 2024/2025 Current Ratio (Liquidity) Whether company is liquid enough to be able to pay its short-term debts. - ANSWERSCurrent Assets/Current Liabilities Quick Ratio aka Acid Test (Liquidity) A more conservative measure of liquidity. - ANSWERS(cash + ST investments + AR )/Current Liabilities Gross Margin on Sales (Profitability) The excess of a product's selling price over cost, which is what the company has left to coverall rema...

The new accountant informs the administrator that to simplify things, he has incorporated all purchases that will be paid for the next few years into the accounts payable journal. The administrator should _____. - c. begin a search for a new accountant The administrator seeks to be licensed without having to meet all the conditions new entrants would have to meet. He/she seeks to be ______. - grandpersoned Normally, courts of appeal do not have _____. - original jurisdiction. The administr...

Liquidity Ratios (Ans- measures of a firm's short-term ability to meet its current obligations Profitability Ratios (Ans- measures of a firm's profitability relative to its assets (operating efficiency) and to its revenue (operating profitability) Activity Ratios (Ans- Measure of efficiency of a firm's assets Solvency Ratios (Ans- Measure of a firm's ability to pay its obligations Inventory Turnover (Ans- COGS / avg inventory Receivables Turnover (Ans- revenue / av...