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37 Cards in this Set
- Front
- Back
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Assets |
Liabilities + Equity |
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Net Income |
Revenue - Expenses |
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Ending Retained Earnings |
Beginning Retained Earnings + Net Income - Dividends |
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Gross Profit |
Sales Revenue - Cost of Goods Sold |
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Total Equity |
Contributed Capital + Retained Earnings |
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Earnings Per Share |
Net Income / # of shares outstanding |
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Return on Equity |
Net Income / Average Equity |
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Average Equity |
(Equity at Jan. 1 + Equity at Dec. 31) / 2 |
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Return on Investment |
Net Income / Average Assets |
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Average Assets |
(Assets on Jan. 1 + Assets on Dec. 31) / 2 |
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Dupont Model |
Return on Investment = Margin * Turnover |
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Margin |
Net Income / Sales |
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Turnover |
Sales / Average Total Assets |
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Working Capital |
Current Assets - Current Liabilities |
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Current Ratio |
Current Assets / Current Liabilities |
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Acid-test ratio |
(Cash + Accounts Receivable) / Current Liabilities |
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Interest |
Principal * Rate * Time |
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Ending Equity |
Beginning Equity + Added Stock + Net Income - Dividends |
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cost of goods available for sale |
beginning inventory + purchases of inventory |
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cost of goods sold |
cost of goods available for sale - ending inventory |
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weighted average cost per unit |
(cost of beginning inventory + cost of inventory purchased) / (units in beginning inventory + units purchased) |
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accounts receivable turnover |
net sales revenue / average accounts receivable |
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average accounts receivable |
(accounts receivable at Jan. 1 + accounts receivable at Dec. 31) / 2 |
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average collection period |
365 / accounts receivable turnover |
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inventory turnover |
cost of goods sold / average inventory |
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average inventory |
(inventory at Jan. 1 + inventory at Dec. 31) / 2 |
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number of days sales in inventory |
365 / inventory turnover |
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operating cycle |
number of days' sale in inventory + average collection period |
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book value |
cost of asset - accumulated depreciation |
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straight line depreciation method |
depreciation expense per year = (cost - salvage value) / life in years |
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sum-of-years'-digits depreciation method |
(cost - salvage value) * (LIFE / SYD) |
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double-declining balance depreciation method |
book value at beginning of year * (2 / LIFE) |
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units of production depreciation method |
(cost - salvage value) / total estimated usage = depreciable cost per unit depreciable cost per unit * actual usage for the current year = depreciation expense |
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future value of a lump sum |
present value * future value factori,n |
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present value of a lump sum |
future value * present value factori,n |
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future value of an annuity |
payment * future value annuity factori,n |
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present value of an annuity |
payment * present value factori,n |
