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Certified Managerial Accountant Ratios

Subjects : certifications, business-skills

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. Cash Cycle
Cash + Marketable Securites + Accounts Recievable/Current Liabilities
Operating Cycle - Days Purch in payable
Purchases/ Ave A/P
Usage Rate*Lead Time + Safety Stock

2. Debt to Equity
Cash + Marketable Securites + Accounts Recievable/Current Liabilities
Expected Stock Out Cost + Carrying Cost
NI/Sales Sales/Ave TA or Net Profit Margin Asset TO
TD/E

3. ROI
EBIT/TA
Ave A/P / Credit Purch * 365
Mkt Price/EPS
OI/(OI-int exp-(pref stk/(1-tax))

4. Dupont ROE
Cash + Marketable Securities/Current Liabilities
Ave A/P / Credit Purch * 365
OI/(OI-int exp-(pref stk/(1-tax))
NI/Ave TA Asset/Equity or ROA Financial Leverage

5. Operating Cycle Days
OI/(OI-int exp-(pref stk/(1-tax))
(TE - P.S Equity) / # common shares
TD/E
Sales in A/R + Days Sales in Inventory

6. Net Working Capital Ratio
Ave A/P / Credit Purch * 365
(CA-CL)/TA
COGS/ Ave Inventory
TD/E

7. Book Value
EPS/Mkt Price
COGS/ Ave Inventory
(TE - P.S Equity) / # common shares
Cash + Marketable Securities/Current Liabilities

8. Dividend Yield
365/Inv TO
EBIT/TA
Dividends per share/mkt price
Cash + Marketable Securities/Current Liabilities

9. ROE
Dividends per share/mkt price
Ops Cash Flow/CL
(CA-CL)/TA
NI/Ave TE

10. Degree of Operating Leverage
Standard Deviation/ Expected RR
Dividend/EPS
CM/OI
OI/(OI-int exp-(pref stk/(1-tax))

11. Inventory Turnover
COGS/ Ave Inventory
Cash + Marketable Securites + Accounts Recievable/Current Liabilities
NI/Sales Sales/Ave TA or Net Profit Margin Asset TO
TD/E

12. ROP UL + SS
EPS/Mkt Price
Standard Deviation/ Expected RR
Ops Cash Flow/CL
Usage Rate*Lead Time + Safety Stock

13. Cash Flow
OI/(OI-int exp-(pref stk/(1-tax))
NI/Ave TA Asset/Equity or ROA Financial Leverage
Ops Cash Flow/CL
NI/Sales

14. EOQ sqrt (2FD/C)
Usage Rate*Lead Time + Safety Stock
EBIT/Interest Expense
Purchases/ Ave A/P
F = Marginal Cost - D =Demand - C = Carrying Cost

15. Coefficient of Variation
Standard Deviation/ Expected RR
ROE(1-div payout)
(CA-CL)/TA
NI/Ave TA Asset/Equity or ROA Financial Leverage

16. Cost of Carrying Safety Stock
Standard Deviation/ Expected RR
Expected Stock Out Cost + Carrying Cost
365/Inv TO
CM/OI

17. Working Capital
Current Assets - Current Liabilities
Market Price/Book Value
Standard Deviation/ Expected RR
Cash + Marketable Securites + Accounts Recievable/Current Liabilities

18. Net Profit Margin
Usage Rate*Lead Time + Safety Stock
NI/Sales
CM/OI
Assets/Equity

19. Financial Leverage
NI/Ave TE
Assets/Equity
Usage Rate*Lead Time + Safety Stock
Credit Sales/ Ave A/R

20. Degree of Financial Leverage
OI/(OI-int exp-(pref stk/(1-tax))
CA/CL
Ops Cash Flow/CL
Net Sales/ Ave TA

21. Debt to TA
NI/Ave TA
Mkt Price/EPS
EBIT/TA
TD/TA

22. Quick Ratio
Dividend/EPS
Mkt Price/EPS
NI/Ave TA
Cash + Marketable Securites + Accounts Recievable/Current Liabilities

23. Days Purchased in AP
Current Assets - Current Liabilities
Ave A/P / Credit Purch * 365
EBIT/Interest Expense
NI/Sales Sales/Ave TA or Net Profit Margin Asset TO

24. Total Asset TO
F = Marginal Cost - D =Demand - C = Carrying Cost
Expected Stock Out Cost + Carrying Cost
Net Sales/ Ave TA
OI/(OI-int exp-(pref stk/(1-tax))

25. P/E Ratio
Ops Cash Flow/CL
Mkt Price/EPS
NI/Ave TA Asset/Equity or ROA Financial Leverage
Cash + Marketable Securites + Accounts Recievable/Current Liabilities

26. Dividend Payout Ratio
Usage Rate*Lead Time + Safety Stock
Ave A/P / Credit Purch * 365
Dividend/EPS
Net Sales/ Ave TA

27. Sustainable Growth
ROE(1-div payout)
Sales in A/R + Days Sales in Inventory
Mkt Price/EPS
NI/Ave TE

28. Days Sales in Inventory
EPS/Mkt Price
NI/Sales Sales/Ave TA or Net Profit Margin Asset TO
365/Inv TO
Sales in A/R + Days Sales in Inventory

29. Days Sales in A/R
(TE - P.S Equity) / # common shares
Ops Cash Flow/CL
TD/TA
365/A/R TO

30. mkt/book
Cash + Marketable Securities/Current Liabilities
Dividend/EPS
Market Price/Book Value
F = Marginal Cost - D =Demand - C = Carrying Cost

31. Cash Ratio
EBIT/Interest Expense
(CA-CL)/TA
Current Assets - Current Liabilities
Cash + Marketable Securities/Current Liabilities

32. EPS
Market Price/Book Value
Purchases/ Ave A/P
NI - pref dividends/weighted ave common shares
Dividend/EPS

33. A/R Turnover
TD/E
Dividends per share/mkt price
Credit Sales/ Ave A/R
365/Inv TO

34. Dupont ROA
Usage Rate*Lead Time + Safety Stock
NI/Sales Sales/Ave TA or Net Profit Margin Asset TO
F = Marginal Cost - D =Demand - C = Carrying Cost
CA/CL

35. Times Interest Earned
EBIT/Interest Expense
NI/Sales
Market Price/Book Value
NI/Ave TE

36. ROA
Assets/Equity
F = Marginal Cost - D =Demand - C = Carrying Cost
NI/Ave TA
Mkt Price/EPS

37. Current Ratio
NI/Sales
TD/TA
EPS/Mkt Price
CA/CL

38. A/P Turnover
Purchases/ Ave A/P
TD/E
Operating Cycle - Days Purch in payable
EBIT/Interest Expense

39. Earnings Yield
Current Assets - Current Liabilities
Operating Cycle - Days Purch in payable
OI/(OI-int exp-(pref stk/(1-tax))
EPS/Mkt Price