Ratios Flashcards by Christopher Tipuric

Q

Inventory Turnover Period=

A

Average Inventory/Cost of Sales x 365

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Q

Rate of Inventory Turnover=

A

Cost of Sales/Average Inventory

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Q

Receivables Collection Period=

A

Average Receivables/ Annual Sales Revenue x 365

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Q

Payables Payment Period=

A

Average Payables/annual Purchases x 365

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Q

Current Ratio=

A

Current Assets/Current Liabilities

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Q

Quick Ratio=

A

Current Assets-Inventories/Current Liabilities

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