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CPA Audit Ratios
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Terms in this set (31)
working capital
current assets- current liabilities
current ratio
current assets/ current liabilities
acid test ratio
(cash equivalents+marketable securities+ accounts receivable)/ current liabilities
cash ratio
(cash equivalents+marketable securities)/ current liabilities
accounts receivable turnover
net credit sales/ average net receivables
accounts receivable turnover in days
365/ receivable turnover
inventory turnover
cost of goods sold/ average inventory
inventory turnover in days
365/ inventory turnover
operating cycle
AR turnover in days + inventory turnover in days
working capital turnover
sales/average working capital
total asset turnover
net sales/ average total assets
accounts payable turnover
purchases/ average accounts payable
days in accounts payable
365/ accounts payable turnover
Net profit Margin
Net income/ Net sales
Return on total assets
net income/ average total assets
return on assets
net profit margin* total asset turnover
return on investment
(net income+ interest expense(1- tax rate))/ Average (Long term liabilities+Equity)
Return on common equity
(Net income- preferred dividends)/ average common equity
net operating margin percentage
net operating income/ net sales
gross margin percentage
gross margin/ net sales
operating cash flow per share
operating cash flow/ common shares outstanding
degree of financial leverage
earnings before interest and taxes/ earnings before taxes
earnings per share
(net income-preferred dividends)/ weighted average number of common shares outstanding
price/earnings ratio
market price per share/ diluted earnings per share
dividend payout ratio
dividends per common share/ diluted earnings per share
dividend yield
dividends per common share/ market price per common share
book value per share
(total stockholders equity- preferred stock)/ number of common shared outstanding
debt/equity
total liabilities/ common stockholders' equity
debt ratio
total liabilities/ total assets
times interest earned
earnings before taxes and interest/ interest
operating cash flow/ total debt
operating cash flow/ total debt
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