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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. Quick Ratio
Cash + Marketable Securites + Accounts Recievable/Current Liabilities
Sales in A/R + Days Sales in Inventory
Purchases/ Ave A/P
Current Assets - Current Liabilities

2. Cash Ratio
Sales in A/R + Days Sales in Inventory
NI/Ave TE
Cash + Marketable Securities/Current Liabilities
CA/CL

3. Cash Flow
Expected Stock Out Cost + Carrying Cost
Ops Cash Flow/CL
EBIT/Interest Expense
NI/Sales

4. Operating Cycle Days
EBIT/Interest Expense
Sales in A/R + Days Sales in Inventory
Standard Deviation/ Expected RR
(TE - P.S Equity) / # common shares

5. Degree of Operating Leverage
EPS/Mkt Price
ROE(1-div payout)
CM/OI
Usage Rate*Lead Time + Safety Stock

6. Degree of Financial Leverage
OI/(OI-int exp-(pref stk/(1-tax))
365/Inv TO
Ave A/P / Credit Purch * 365
Expected Stock Out Cost + Carrying Cost

7. EOQ sqrt (2FD/C)
TD/E
F = Marginal Cost - D =Demand - C = Carrying Cost
Purchases/ Ave A/P
365/Inv TO

8. Coefficient of Variation
F = Marginal Cost - D =Demand - C = Carrying Cost
Standard Deviation/ Expected RR
CA/CL
Mkt Price/EPS

9. Total Asset TO
Net Sales/ Ave TA
365/Inv TO
NI/Sales
Usage Rate*Lead Time + Safety Stock

10. Working Capital
NI/Ave TE
(TE - P.S Equity) / # common shares
Assets/Equity
Current Assets - Current Liabilities

11. Book Value
EBIT/TA
(TE - P.S Equity) / # common shares
EPS/Mkt Price
Net Sales/ Ave TA

12. Cost of Carrying Safety Stock
Market Price/Book Value
EBIT/TA
Expected Stock Out Cost + Carrying Cost
CA/CL

13. ROA
NI - pref dividends/weighted ave common shares
Ops Cash Flow/CL
NI/Ave TA
365/A/R TO

14. Current Ratio
CA/CL
Ops Cash Flow/CL
Current Assets - Current Liabilities
F = Marginal Cost - D =Demand - C = Carrying Cost

15. ROE
NI/Ave TE
Standard Deviation/ Expected RR
TD/TA
Cash + Marketable Securites + Accounts Recievable/Current Liabilities

16. Earnings Yield
Current Assets - Current Liabilities
NI/Ave TA
Market Price/Book Value
EPS/Mkt Price

17. Net Working Capital Ratio
Ave A/P / Credit Purch * 365
(CA-CL)/TA
365/Inv TO
EBIT/TA

18. Sustainable Growth
Assets/Equity
Sales in A/R + Days Sales in Inventory
365/Inv TO
ROE(1-div payout)

19. Net Profit Margin
Cash + Marketable Securites + Accounts Recievable/Current Liabilities
EPS/Mkt Price
365/A/R TO
NI/Sales

20. EPS
Dividend/EPS
NI - pref dividends/weighted ave common shares
Mkt Price/EPS
COGS/ Ave Inventory

21. Dupont ROE
NI/Ave TA Asset/Equity or ROA Financial Leverage
NI/Sales Sales/Ave TA or Net Profit Margin Asset TO
Cash + Marketable Securities/Current Liabilities
Operating Cycle - Days Purch in payable

22. Days Sales in Inventory
Current Assets - Current Liabilities
EBIT/TA
Expected Stock Out Cost + Carrying Cost
365/Inv TO

23. Dividend Payout Ratio
EBIT/Interest Expense
Dividend/EPS
Assets/Equity
Purchases/ Ave A/P

24. ROP UL + SS
OI/(OI-int exp-(pref stk/(1-tax))
Usage Rate*Lead Time + Safety Stock
(CA-CL)/TA
TD/E

25. A/P Turnover
CM/OI
Purchases/ Ave A/P
365/Inv TO
(CA-CL)/TA

26. Financial Leverage
Usage Rate*Lead Time + Safety Stock
CA/CL
Assets/Equity
TD/E

27. Debt to Equity
TD/E
365/A/R TO
CA/CL
EBIT/Interest Expense

28. A/R Turnover
Credit Sales/ Ave A/R
TD/E
(CA-CL)/TA
Dividends per share/mkt price

29. Dividend Yield
Dividends per share/mkt price
Standard Deviation/ Expected RR
CA/CL
EPS/Mkt Price

30. Cash Cycle
CM/OI
NI/Sales Sales/Ave TA or Net Profit Margin Asset TO
Operating Cycle - Days Purch in payable
365/A/R TO

31. mkt/book
F = Marginal Cost - D =Demand - C = Carrying Cost
NI - pref dividends/weighted ave common shares
NI/Sales Sales/Ave TA or Net Profit Margin Asset TO
Market Price/Book Value

32. Debt to TA
TD/TA
F = Marginal Cost - D =Demand - C = Carrying Cost
NI/Ave TE
Current Assets - Current Liabilities

33. Dupont ROA
(CA-CL)/TA
(TE - P.S Equity) / # common shares
NI/Ave TA
NI/Sales Sales/Ave TA or Net Profit Margin Asset TO

34. P/E Ratio
ROE(1-div payout)
Mkt Price/EPS
Current Assets - Current Liabilities
NI/Ave TA

35. Days Sales in A/R
365/A/R TO
(TE - P.S Equity) / # common shares
Ave A/P / Credit Purch * 365
CM/OI

36. Inventory Turnover
NI/Ave TA
(CA-CL)/TA
COGS/ Ave Inventory
ROE(1-div payout)

37. Days Purchased in AP
Ave A/P / Credit Purch * 365
(TE - P.S Equity) / # common shares
NI/Sales
F = Marginal Cost - D =Demand - C = Carrying Cost

38. Times Interest Earned
Cash + Marketable Securites + Accounts Recievable/Current Liabilities
EBIT/Interest Expense
Current Assets - Current Liabilities
CA/CL

39. ROI
Ops Cash Flow/CL
EBIT/TA
Operating Cycle - Days Purch in payable
Market Price/Book Value