Accounting Equations

Description

None Accounting Flashcards on Accounting Equations, created by Paul Saville on 21/06/2016.
Paul Saville
Flashcards by Paul Saville, updated more than 1 year ago
Paul Saville
Created by Paul Saville over 8 years ago
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Resource summary

Question Answer
Break Even Point Fixed Cost/(sales price-variable cost)
Quick Ratio Test Current Assets/Current Liabilities
Acid test ratio Current Assets-stock/current liabilities
Return on Capital Employed Operating profit/capital employed
Operating Profit Margin (Operating Profit/ Sales) x 100
Gross Profit Margin (Total Revenue-Cost of goods)/total revenue
Sales Revenue Price per unit x No. of units sold
Net Income Revenue - Expenses
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