Accounting Formulas (Test 2)

  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)
Author
jcricket226
ID
194387
Card Set
Accounting Formulas (Test 2)
Description
accounting formulas for test 2
Updated