Accounting Formulas (Test 2)

Card Set Information

Author:
jcricket226
ID:
194387
Filename:
Accounting Formulas (Test 2)
Updated:
2013-01-22 00:30:26
Tags:
accounting formulas
Folders:

Description:
accounting formulas for test 2
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user jcricket226 on FreezingBlue Flashcards. What would you like to do?


  1. Asset Turnover Ratio
    •        Net Sales        
    • Average Total Assets
  2. Profit Margin on Sales
    • Net Income
    •  Net Sales
  3. Rate of Return on Assets
    Profit Margin on Sales x Asset Turnover
  4. Depletion Cost per Unit
    •    Total Cost - Salvage Value   
    • Total Estimated Units Available
  5. Activity Method of Depreciation
    • (Cost less Salvage) x Hours this Year
    •          Total Estimated Hours
  6. Straight-Line Method of Depreciation
    •    Cost less Salvage   
    • Estimated Service Life
  7. Inventory Turnover
    • Cost of Goods Sold
    • Average Inventory
  8. Accounts Receivable Turnover
    •                 Net Sales               
    • Average Trade Receivables (net)

What would you like to do?

Home > Flashcards > Print Preview