Exam (elaborations)
Series 86 Formulas a questions and answers verified 2024
- Course
- Institution
Series 86 Formulas a questions and answers verified 2024
[Show more]
Content preview
Series 86 FormulasWorking Capital - correct answer ✔current assets - current liabilities
Current Ratio - correct answer ✔current assets/ current liabilities
Quick Ratio - correct answer ✔(Current Assets - Inventory) / Current
Liabilities
Book Value - correct answer ✔common shareholders' equity/ number of
shares`
Tangible Book Value - correct answer ✔Total Assets - Total Liabilities -
Intangible Assets - Goodwill
Debt to Total Capital Ratio - correct answer ✔Total Debt / (Debt + Equity)
Debt to Equity Ratio - correct answer ✔Total Debt/ Total Shareholders'
Equity
Common Shareholder Equity - correct answer ✔Total Shareholder Equity -
Preferred Shareholder Equity
Days Sales Outstanding - correct answer ✔(Accounts Receivable/ Sales) *
number of days
Interest Coverage Ratio - correct answer ✔EBIT/ interest expense
, Debt to EBITDA Ratio - correct answer ✔Total Debt/ EBITDA
Accounts Receivable Turnover - correct answer ✔Credit Sales (current year)
/ Average Accounts Receivable
Inventory Turnover Ratio - correct answer ✔COGS/Average Inventory
Asset Turnover - correct answer ✔Sales / Average Assets
Gross Profit - correct answer ✔Revenue- COGS
Gross Profit Margin - correct answer ✔Gross Profit/ Sales or Revenue
Operating Profit - correct answer ✔gross profit - operating expenses
Operating Profit Margin - correct answer ✔Operating Profit/ Sales or
Revenue
Operating Income (EBIT) - correct answer ✔Operating Profit +/- Other
Income or Expenses
Net Income - correct answer ✔Operating Income- Taxes- Interest
Net Profit Margin - correct answer ✔Net Income/ Sales or Revenue
Earnings Available to Common - correct answer ✔net income - preferred
dividends
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LEWISSHAWN55. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77858 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now