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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. Days Sales in A/R
TD/E
Dividends per share/mkt price
365/A/R TO
NI/Ave TE

2. Net Profit Margin
NI/Sales
CA/CL
COGS/ Ave Inventory
NI/Sales Sales/Ave TA or Net Profit Margin Asset TO

3. Earnings Yield
Expected Stock Out Cost + Carrying Cost
EPS/Mkt Price
Standard Deviation/ Expected RR
Dividends per share/mkt price

4. ROA
Expected Stock Out Cost + Carrying Cost
NI/Ave TA
Mkt Price/EPS
NI/Sales

5. Coefficient of Variation
Assets/Equity
NI/Ave TA Asset/Equity or ROA Financial Leverage
Standard Deviation/ Expected RR
TD/TA

6. Debt to TA
Market Price/Book Value
Expected Stock Out Cost + Carrying Cost
EBIT/Interest Expense
TD/TA

7. Financial Leverage
Operating Cycle - Days Purch in payable
Credit Sales/ Ave A/R
Current Assets - Current Liabilities
Assets/Equity

8. Degree of Financial Leverage
OI/(OI-int exp-(pref stk/(1-tax))
Operating Cycle - Days Purch in payable
NI/Ave TA Asset/Equity or ROA Financial Leverage
CM/OI

9. Current Ratio
Market Price/Book Value
CA/CL
365/A/R TO
(CA-CL)/TA

10. mkt/book
CA/CL
Purchases/ Ave A/P
Dividend/EPS
Market Price/Book Value

11. Days Purchased in AP
Ave A/P / Credit Purch * 365
EBIT/TA
Assets/Equity
Operating Cycle - Days Purch in payable

12. Dupont ROE
Sales in A/R + Days Sales in Inventory
ROE(1-div payout)
NI/Ave TA Asset/Equity or ROA Financial Leverage
COGS/ Ave Inventory

13. A/R Turnover
COGS/ Ave Inventory
Usage Rate*Lead Time + Safety Stock
Cash + Marketable Securites + Accounts Recievable/Current Liabilities
Credit Sales/ Ave A/R

14. Debt to Equity
OI/(OI-int exp-(pref stk/(1-tax))
365/Inv TO
TD/E
TD/TA

15. ROP UL + SS
(TE - P.S Equity) / # common shares
Usage Rate*Lead Time + Safety Stock
NI/Ave TA Asset/Equity or ROA Financial Leverage
Dividends per share/mkt price

16. Times Interest Earned
CA/CL
Dividends per share/mkt price
EBIT/TA
EBIT/Interest Expense

17. EOQ sqrt (2FD/C)
OI/(OI-int exp-(pref stk/(1-tax))
Current Assets - Current Liabilities
Purchases/ Ave A/P
F = Marginal Cost - D =Demand - C = Carrying Cost

18. ROI
EBIT/TA
NI - pref dividends/weighted ave common shares
Net Sales/ Ave TA
(CA-CL)/TA

19. Cash Flow
Usage Rate*Lead Time + Safety Stock
Expected Stock Out Cost + Carrying Cost
F = Marginal Cost - D =Demand - C = Carrying Cost
Ops Cash Flow/CL

20. Total Asset TO
Cash + Marketable Securities/Current Liabilities
NI - pref dividends/weighted ave common shares
Net Sales/ Ave TA
COGS/ Ave Inventory

21. P/E Ratio
Standard Deviation/ Expected RR
Current Assets - Current Liabilities
OI/(OI-int exp-(pref stk/(1-tax))
Mkt Price/EPS

22. Working Capital
NI/Ave TA Asset/Equity or ROA Financial Leverage
Ops Cash Flow/CL
Current Assets - Current Liabilities
F = Marginal Cost - D =Demand - C = Carrying Cost

23. Book Value
(TE - P.S Equity) / # common shares
Dividend/EPS
NI/Ave TE
F = Marginal Cost - D =Demand - C = Carrying Cost

24. ROE
Assets/Equity
Sales in A/R + Days Sales in Inventory
NI/Ave TE
EBIT/Interest Expense

25. Degree of Operating Leverage
NI/Ave TA Asset/Equity or ROA Financial Leverage
NI - pref dividends/weighted ave common shares
CM/OI
EBIT/Interest Expense

26. A/P Turnover
Ave A/P / Credit Purch * 365
Credit Sales/ Ave A/R
NI - pref dividends/weighted ave common shares
Purchases/ Ave A/P

27. Dividend Yield
Dividends per share/mkt price
Standard Deviation/ Expected RR
Cash + Marketable Securities/Current Liabilities
Dividend/EPS

28. Cash Cycle
EBIT/Interest Expense
Operating Cycle - Days Purch in payable
Current Assets - Current Liabilities
Assets/Equity

29. Dupont ROA
CM/OI
OI/(OI-int exp-(pref stk/(1-tax))
Ave A/P / Credit Purch * 365
NI/Sales Sales/Ave TA or Net Profit Margin Asset TO

30. Quick Ratio
Current Assets - Current Liabilities
TD/E
Cash + Marketable Securites + Accounts Recievable/Current Liabilities
Sales in A/R + Days Sales in Inventory

31. Cost of Carrying Safety Stock
Expected Stock Out Cost + Carrying Cost
NI/Ave TA Asset/Equity or ROA Financial Leverage
CM/OI
Sales in A/R + Days Sales in Inventory

32. Net Working Capital Ratio
Cash + Marketable Securites + Accounts Recievable/Current Liabilities
Sales in A/R + Days Sales in Inventory
(CA-CL)/TA
CM/OI

33. Dividend Payout Ratio
OI/(OI-int exp-(pref stk/(1-tax))
Dividend/EPS
Sales in A/R + Days Sales in Inventory
Expected Stock Out Cost + Carrying Cost

34. Sustainable Growth
OI/(OI-int exp-(pref stk/(1-tax))
ROE(1-div payout)
(TE - P.S Equity) / # common shares
Assets/Equity

35. Days Sales in Inventory
365/Inv TO
F = Marginal Cost - D =Demand - C = Carrying Cost
Net Sales/ Ave TA
Assets/Equity

36. Operating Cycle Days
Usage Rate*Lead Time + Safety Stock
Assets/Equity
365/Inv TO
Sales in A/R + Days Sales in Inventory

37. Cash Ratio
365/A/R TO
Purchases/ Ave A/P
Cash + Marketable Securities/Current Liabilities
OI/(OI-int exp-(pref stk/(1-tax))

38. EPS
Operating Cycle - Days Purch in payable
Purchases/ Ave A/P
NI - pref dividends/weighted ave common shares
Credit Sales/ Ave A/R

39. Inventory Turnover
Expected Stock Out Cost + Carrying Cost
COGS/ Ave Inventory
Sales in A/R + Days Sales in Inventory
Ave A/P / Credit Purch * 365