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5 Written questions

5 Matching questions

  1. Generic fill ratio
  2. solvency tests
  3. operating expenses
  4. assets
  5. dupont model, ROE
  1. a costs that business incurs to make sales or earn revenue (salaries, rent, utilities)
  2. b # of Rx's dispensed with generic product/total # of Rx's dispensed (more generics used, less drug expenses)
  3. c what a business owns, valuable resources that are owned or controlled by the business and were acquired at a measureable cost
  4. d NI% x ATO x financial leverage
  5. e measures a business's ability to pay its long term debt payments- debt to equity- NCPA =66%, lenders prefer low debt-equity ratios: either debt/equity or liabilities/equity (financial leverage)

5 Multiple choice questions

  1. the measure of profitability after expenses are considered (3% for NCPA digest before tax)
  2. when the owner borrows funds needed to run the business and uses less capital (risky): this gets high when there is too much debt and little owner investment, financial crisis occurs, and it's a new pharmacy
  3. debts evidenced by formal, signed agreements called promissory notes
  4. cash, accounts receivable, inventories, prepaid expenses, and short term investments
  5. indicate how effectively funds available to the manager have been used-ROA and ROE

5 True/False questions

  1. tests of efficiencymeasure the firm's ability to pay its current debt as it comes due (Current ratio, quick ratio,accounts payable period)

          

  2. gross margin percenttells the percent of every dollar of sales that is available to cover operating expenses and profit (23.2% NCPA digest)

          

  3. Liquiditywht you give back to owners

          

  4. statement of capitalStatement of retained earnings which provides info on how the owner's investment in the business has changed over some period of time

          

  5. revenueswhat a business owns, valuable resources that are owned or controlled by the business and were acquired at a measureable cost

          

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