HB 311 Final Exam EquationsLiquidity Ratios- Current Ratio= Current Assets/ Current Liabilities- Quick Ratio= Current Assets- Inventory/Current LiabilitiesAsset Management Ratios- ACP= Accounts Receivable/Average Daily Sales- ACP= Accounts Receivable/ Sales *365- Inventory Turnover= COGS/ Inventory- Fixed Asset Turnover= Sales/Fixed Assets- Total Asset Turnover= Sales/Total AssetsWorking Capital Management- Net Working Capital= Current Assets- Current Liabilities- Inventory Collection Period= 365/Inventory Turnover- Operating Cycle= ACP+ICP- Cash Conversion Cycle= OC-Payables Deferral PeriodDebt Management Ratios- Debt Ratio= LTD+ Current Liabilites/Total Assets- Debt to Equity Ratio= LTD: Equity- TIE= EBIT/ Interest- Cash Coverage= EBIT+ Depreciation/ Interest- Fixed Charge Coverage= EBIT+Lease Payments/ Interest +Lease Payments- EBITDA Covereage= EBITDA+Lease Payments/Interest+ Lease Payments+ Principal RepaymentProfitability Ratios- ROS= NI/Sales- ROA= NI/Total Assets- ROE= NI/Equity- ROCE= EBIT(1-t)/debt+equityMarket Value Ratios- P/E Ratio= Stock Price/EPS- Market Value Ratios= Stock Price/Book Value Per Share- EPS= NI/Number of Shares- EPS= ROE*share value- Payout Ratio= DPS/EPSContribution & Breakeven- Ct= P-V- Cm= P-V/P- Qb/e= F/Ct- Sb/e= F/CmLeverage Ratios- DTL= DFL*DOL- DOL= %▲EBIT/%▲Q(sales)- DFL= %▲EPS/ %▲EBIT- DFL= EBIT/EBIT-Interest- EBIT=
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