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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. Net Working Capital Ratio
(CA-CL)/TA
EBIT/Interest Expense
NI/Ave TA Asset/Equity or ROA Financial Leverage
TD/E

2. Debt to TA
Market Price/Book Value
Usage Rate*Lead Time + Safety Stock
TD/TA
Net Sales/ Ave TA

3. Quick Ratio
OI/(OI-int exp-(pref stk/(1-tax))
Credit Sales/ Ave A/R
Cash + Marketable Securites + Accounts Recievable/Current Liabilities
365/A/R TO

4. Days Purchased in AP
Ops Cash Flow/CL
Sales in A/R + Days Sales in Inventory
Ave A/P / Credit Purch * 365
Cash + Marketable Securites + Accounts Recievable/Current Liabilities

5. Earnings Yield
EPS/Mkt Price
Dividend/EPS
365/Inv TO
NI/Ave TA

6. ROA
Ops Cash Flow/CL
Current Assets - Current Liabilities
NI/Ave TA
EBIT/Interest Expense

7. Operating Cycle Days
TD/TA
Cash + Marketable Securities/Current Liabilities
OI/(OI-int exp-(pref stk/(1-tax))
Sales in A/R + Days Sales in Inventory

8. Financial Leverage
NI/Ave TA
CM/OI
Assets/Equity
EBIT/Interest Expense

9. Sustainable Growth
EPS/Mkt Price
ROE(1-div payout)
CM/OI
365/Inv TO

10. Net Profit Margin
Cash + Marketable Securites + Accounts Recievable/Current Liabilities
EBIT/TA
Expected Stock Out Cost + Carrying Cost
NI/Sales

11. ROE
TD/TA
Dividend/EPS
NI/Ave TE
Cash + Marketable Securities/Current Liabilities

12. Dupont ROE
Market Price/Book Value
NI/Ave TA Asset/Equity or ROA Financial Leverage
365/Inv TO
Standard Deviation/ Expected RR

13. Degree of Operating Leverage
CM/OI
Net Sales/ Ave TA
CA/CL
Expected Stock Out Cost + Carrying Cost

14. Dividend Yield
Dividends per share/mkt price
(TE - P.S Equity) / # common shares
NI/Ave TA Asset/Equity or ROA Financial Leverage
NI/Ave TE

15. ROP UL + SS
Expected Stock Out Cost + Carrying Cost
Dividend/EPS
Usage Rate*Lead Time + Safety Stock
TD/E

16. Book Value
365/A/R TO
(TE - P.S Equity) / # common shares
(CA-CL)/TA
Current Assets - Current Liabilities

17. mkt/book
EBIT/TA
NI - pref dividends/weighted ave common shares
Market Price/Book Value
CM/OI

18. Cash Flow
Usage Rate*Lead Time + Safety Stock
Ops Cash Flow/CL
(TE - P.S Equity) / # common shares
NI/Ave TE

19. EPS
(TE - P.S Equity) / # common shares
NI - pref dividends/weighted ave common shares
CM/OI
Dividends per share/mkt price

20. Cash Cycle
Cash + Marketable Securites + Accounts Recievable/Current Liabilities
OI/(OI-int exp-(pref stk/(1-tax))
Operating Cycle - Days Purch in payable
365/A/R TO

21. Debt to Equity
TD/E
Dividends per share/mkt price
Standard Deviation/ Expected RR
Usage Rate*Lead Time + Safety Stock

22. A/R Turnover
Usage Rate*Lead Time + Safety Stock
Purchases/ Ave A/P
Credit Sales/ Ave A/R
Assets/Equity

23. Total Asset TO
NI/Sales
Net Sales/ Ave TA
CA/CL
Assets/Equity

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

25. EOQ sqrt (2FD/C)
NI/Sales
F = Marginal Cost - D =Demand - C = Carrying Cost
365/A/R TO
Market Price/Book Value

26. Inventory Turnover
F = Marginal Cost - D =Demand - C = Carrying Cost
NI/Ave TA
Credit Sales/ Ave A/R
COGS/ Ave Inventory

27. Dupont ROA
Operating Cycle - Days Purch in payable
NI/Ave TA Asset/Equity or ROA Financial Leverage
NI/Sales Sales/Ave TA or Net Profit Margin Asset TO
(CA-CL)/TA

28. ROI
Ops Cash Flow/CL
ROE(1-div payout)
OI/(OI-int exp-(pref stk/(1-tax))
EBIT/TA

29. Days Sales in Inventory
NI/Ave TE
F = Marginal Cost - D =Demand - C = Carrying Cost
365/Inv TO
Purchases/ Ave A/P

30. Cost of Carrying Safety Stock
Net Sales/ Ave TA
Expected Stock Out Cost + Carrying Cost
TD/TA
Standard Deviation/ Expected RR

31. A/P Turnover
NI/Ave TA
ROE(1-div payout)
Purchases/ Ave A/P
Market Price/Book Value

32. Dividend Payout Ratio
Expected Stock Out Cost + Carrying Cost
Operating Cycle - Days Purch in payable
Dividend/EPS
Cash + Marketable Securites + Accounts Recievable/Current Liabilities

33. Current Ratio
Credit Sales/ Ave A/R
Assets/Equity
EBIT/TA
CA/CL

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

35. P/E Ratio
ROE(1-div payout)
Mkt Price/EPS
365/A/R TO
Operating Cycle - Days Purch in payable

36. Times Interest Earned
(TE - P.S Equity) / # common shares
EBIT/Interest Expense
Credit Sales/ Ave A/R
NI/Ave TE

37. Cash Ratio
Sales in A/R + Days Sales in Inventory
Cash + Marketable Securities/Current Liabilities
Net Sales/ Ave TA
(TE - P.S Equity) / # common shares

38. Coefficient of Variation
NI - pref dividends/weighted ave common shares
Current Assets - Current Liabilities
EBIT/Interest Expense
Standard Deviation/ Expected RR

39. Working Capital
NI/Ave TE
Net Sales/ Ave TA
Current Assets - Current Liabilities
Sales in A/R + Days Sales in Inventory