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20 Cards in this Set

  • Front
  • Back
Net Profit Percent
measures the percentage of each sales dollar left after deducting all expenses
ROI
NP/NW x 100, measures the percentage return on each dollar invested by the owners
ROA
NP/TA x 100, measures the efficiency of each dollar of assets used by the firm at producing profits
Average Inventory
(BI + EI)/2
GAFS = what?
BI + P or CGS + EI
TO
CGS/AI
Efficiency Ratios tell us what?
how well the manager is using pharmacy resources
TO definition
annual rate at which inventory is being sold
Turn definition
analogous to TO, monthly rate at which inventory is being sold,
NS/AI
Acid Test Ratio
(accounts receivable + cash)/CL
Quick Ratio
(accounts receivable + cash)/CL
Net Working Capital
NWC = CA - CL
Financial position
measure the pharmacy's ability to meet all financial liabilities w/o selling or otherwise encumbering its assets
Debt to Equity
TL/NW x 100
Debt to Equity definition
Shows the riskiness of the firm and measures the firm's ability to withstand adversity.The ratio is the most direct measure of a firm's financial position - its ability to meet all of its obligations by using all of its assets with seriously impairing the company's operation
Generic dispensing ratio
number of generic prescriptions dispensed/ number of all prescriptions dispensed
ABPD
FE/MIR
PBPD
project cost/MIR
MIR
GM % - VE %
GMROI
GM/AI