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Certified Managerial Accountant Ratios

Instructions:

Answer 39 questions in 15 minutes.
If you are not ready to take this test, you can study here.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.

1. Degree of Financial Leverage
OI/(OI-int exp-(pref stk/(1-tax))
Ave A/P / Credit Purch * 365
Standard Deviation/ Expected RR
CM/OI

2. Coefficient of Variation
CM/OI
Standard Deviation/ Expected RR
EPS/Mkt Price
NI/Ave TE

3. Dupont ROE
Ave A/P / Credit Purch * 365
NI - pref dividends/weighted ave common shares
NI/Ave TA Asset/Equity or ROA Financial Leverage
Expected Stock Out Cost + Carrying Cost

4. Book Value
Standard Deviation/ Expected RR
TD/E
NI/Sales
(TE - P.S Equity) / # common shares

5. Cost of Carrying Safety Stock
Expected Stock Out Cost + Carrying Cost
365/Inv TO
Sales in A/R + Days Sales in Inventory
Current Assets - Current Liabilities

6. Inventory Turnover
365/A/R TO
COGS/ Ave Inventory
TD/TA
Market Price/Book Value

7. Quick Ratio
NI/Sales Sales/Ave TA or Net Profit Margin Asset TO
Cash + Marketable Securites + Accounts Recievable/Current Liabilities
Usage Rate*Lead Time + Safety Stock
Credit Sales/ Ave A/R

8. P/E Ratio
Mkt Price/EPS
Market Price/Book Value
TD/TA
(CA-CL)/TA

9. ROP UL + SS
ROE(1-div payout)
365/A/R TO
Expected Stock Out Cost + Carrying Cost
Usage Rate*Lead Time + Safety Stock

10. Net Working Capital Ratio
Purchases/ Ave A/P
NI/Sales
(CA-CL)/TA
Market Price/Book Value

11. mkt/book
F = Marginal Cost - D =Demand - C = Carrying Cost
Assets/Equity
COGS/ Ave Inventory
Market Price/Book Value

12. Times Interest Earned
ROE(1-div payout)
Mkt Price/EPS
EBIT/Interest Expense
Operating Cycle - Days Purch in payable

13. ROA
Dividends per share/mkt price
NI/Ave TA
NI/Ave TE
COGS/ Ave Inventory

14. ROI
Operating Cycle - Days Purch in payable
EBIT/TA
Ops Cash Flow/CL
365/Inv TO

15. Cash Ratio
Cash + Marketable Securities/Current Liabilities
NI/Ave TA
Purchases/ Ave A/P
EBIT/TA

16. EPS
NI/Ave TA
TD/TA
NI - pref dividends/weighted ave common shares
Assets/Equity

17. Operating Cycle Days
CA/CL
Ave A/P / Credit Purch * 365
Sales in A/R + Days Sales in Inventory
Dividend/EPS

18. Days Sales in A/R
NI/Ave TE
EBIT/TA
365/A/R TO
Credit Sales/ Ave A/R

19. EOQ sqrt (2FD/C)
Standard Deviation/ Expected RR
NI/Ave TE
F = Marginal Cost - D =Demand - C = Carrying Cost
NI/Sales Sales/Ave TA or Net Profit Margin Asset TO

20. Sustainable Growth
Credit Sales/ Ave A/R
ROE(1-div payout)
NI/Sales
Mkt Price/EPS

21. A/P Turnover
Ops Cash Flow/CL
Purchases/ Ave A/P
Ave A/P / Credit Purch * 365
ROE(1-div payout)

22. Working Capital
TD/E
CM/OI
NI/Sales
Current Assets - Current Liabilities

23. Net Profit Margin
Expected Stock Out Cost + Carrying Cost
NI/Ave TA Asset/Equity or ROA Financial Leverage
NI/Sales
Purchases/ Ave A/P

24. Debt to Equity
Expected Stock Out Cost + Carrying Cost
TD/E
ROE(1-div payout)
OI/(OI-int exp-(pref stk/(1-tax))

25. Dividend Payout Ratio
COGS/ Ave Inventory
Sales in A/R + Days Sales in Inventory
Dividend/EPS
Operating Cycle - Days Purch in payable

26. Dividend Yield
Dividends per share/mkt price
Ops Cash Flow/CL
Current Assets - Current Liabilities
365/A/R TO

27. Debt to TA
TD/TA
Market Price/Book Value
Usage Rate*Lead Time + Safety Stock
Mkt Price/EPS

28. Days Purchased in AP
(TE - P.S Equity) / # common shares
NI/Ave TE
Ave A/P / Credit Purch * 365
NI/Sales

29. Days Sales in Inventory
Net Sales/ Ave TA
(TE - P.S Equity) / # common shares
365/Inv TO
Purchases/ Ave A/P

30. Cash Cycle
Operating Cycle - Days Purch in payable
ROE(1-div payout)
(TE - P.S Equity) / # common shares
NI/Ave TE

31. Total Asset TO
Net Sales/ Ave TA
365/A/R TO
Operating Cycle - Days Purch in payable
Current Assets - Current Liabilities

32. Cash Flow
Ave A/P / Credit Purch * 365
Assets/Equity
Ops Cash Flow/CL
Purchases/ Ave A/P

33. ROE
NI/Ave TE
Net Sales/ Ave TA
ROE(1-div payout)
Market Price/Book Value

34. Degree of Operating Leverage
Mkt Price/EPS
CA/CL
Cash + Marketable Securities/Current Liabilities
CM/OI

35. A/R Turnover
COGS/ Ave Inventory
OI/(OI-int exp-(pref stk/(1-tax))
Credit Sales/ Ave A/R
Cash + Marketable Securities/Current Liabilities

36. Earnings Yield
NI/Ave TE
Assets/Equity
EPS/Mkt Price
365/A/R TO

37. Current Ratio
Standard Deviation/ Expected RR
CA/CL
TD/TA
Dividends per share/mkt price

38. Dupont ROA
ROE(1-div payout)
Purchases/ Ave A/P
(CA-CL)/TA
NI/Sales Sales/Ave TA or Net Profit Margin Asset TO

39. Financial Leverage
Cash + Marketable Securites + Accounts Recievable/Current Liabilities
Market Price/Book Value
F = Marginal Cost - D =Demand - C = Carrying Cost
Assets/Equity