Content:

 

　　有一個ratio題目，給出各種情況判斷對ratio影響，ratio有三個，其

 

　　中兩個題目提供，一個沒有提供各種situation判斷ratio變化（具體ratio公式竟然題目提供）

 

　　考點解析：

 

　　liquidity ratios :

 

　　acid-test ratio/quick ratio： quick assets/current liability

 

　　quick assets=current assets-inventory-prepaid amount

 

　　cash ratio=(cash + marketable securities)/current liability

 

　　current ratio=current asset/current liability

 

　　solvency ratio

 

　　debt-to-equity ratio=debt/equity

 

　　debt-to-asset ratio=debt/asset

 

　　TIE ratio (times interest earned ratio) = EBIT (earnings before income tax and interests) / interest expense

 

　　activity ratio

 

　　inventory turnover ratio=COGS/average inventory

 

　　average inventory=(期初存貨+期末存貨)/2

 

　　AR turnover ratio=sales/average AR

 

　　average AR計算與average inventory類似，這里的AR是減去壞賬的

 

　　AP turnover ratio=purchases/average AP

 

　　days sales in AR/inventory=365/AR(或者inventory） turnover ratio

 

　　days purchases in AP同理

 

　　Sample Question

 

　　The accounts receivable turnover ratio increased during 2013. This is consistent with:

 

　　A. Items shipped on consignment during December were recorded as credit sales; no cash receipts have yet been received on these consignments.

 

　　B. The company increased credit sales by 10% by allowing more lenient credit terms—30 days are now allowed whereas previously only 20 days were allowed.

 

　　C. A major credit sale on which title passed as of December 31, 2013 was recorded in January of 2014.

 

　　D. Sales for each month are approximately 25% higher than those of the preceding year.阿