Terms in this set (11)
What is the equation for the current ratio?
Current Assets / Current Liabilities
What is the equation for the quick ratio?
(Cash + Temp. Investments + Acc. Rec.) / Current Lia.
What is the equation for the debt to equity ratio?
Total Lia / Total SE
What is the equation for the gross margin of a company?
Gross Profit / Net Sales
reports a company's assets, liabilities, and owner's (or stockholders') equity at a specific point in time
the financial statement that reports a company's revenues and expenses and the resulting net income.
Cash flow statement
reports the sources and uses of cash by operating activities, investing activities, financing activities, and certain supplemental information for the period specified in the heading of the statement
What is the accounting equation?
Total liabilities + stockholders' equity = Assets
On what financial statement can you find the accounting equation?
money owed by a company to its creditors.
The total amount of money owed to a business.
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