Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
19 Cards in this Set
- Front
- Back
|
Accounts receivable turnover ratio |
Credit sales ÷ accounts receivable |
|
|
Asset turnover ratio |
Sales ÷ total assets
|
|
|
Inventory turnover ratio |
Cost of goods sold ÷ inventory |
|
|
Current ratio |
Current assets÷ current liabilities |
|
|
Acid test ratio |
Current assets - inventory ÷ current liabilities Same as current ratio but removes inventory |
|
|
Debt to equity ratio |
Long term debt ÷ shareholders equity |
|
|
Debt to assets ratio |
Total debt ÷ total assets |
|
|
Premium to surplus ratio |
Net written premiums / policyholders surplus |
|
|
Liquidity ratio |
(cash + invested assets) / (unearned premium reserve + loss &LAE reserves) |
|
|
Loss ratio |
(incurred losses + LAE) / earned premium |
|
|
Expense ratio |
Underwriting expenses / written premiums |
|
|
Combined ratio |
Loss ratio / expense ratio |
|
|
Investment income ratio |
Net investment income/ earned premium |
|
|
Operating ratio |
Combined ratio - investment income ratio |
|
|
Investment yield ratio |
Net investment gain (or loss) / (total cash + invested assets) |
|
|
Working capital |
Current assets- current liabilities |
|
|
Net profit margin |
Net income ÷ sales
|
|
|
Return on assets (ROA) |
Net income ÷ total assets |
|
|
Return on Equity |
Net income ÷ shareholders equity |
