A201 Exam calculations PDF

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Summary

formulas...

Description

NET SALES Sales Revenue Credit Card Discounts Sales Discounts Sales returns and Allownaces NET SALES

0

A/R TURNOVER

AVG. A/R or I Net Sales Avg. A/R A/R Turnover (>mes per year)

0

COGS

COGS Beginning Inventory Purchases

COG Available for Sale Ending Inventory COGS

0

TAX SAVINGS FROM USING LIFO (MANY YEARS)

TAX SAVINGS FROM USING LIFO (CURRENT YEAR) LIFO Reserve Tax Rate Tax savings (over many years)

0.00%

NET REALIZABLE VALUE (NRV) Selling Price Costs to Sell NRV

0

DepreciaAon Formulas (finds Dep.) STRAIGHT LINE

UNITS OF PRODUCTION Cost residual life useful life dep. Exp

NBV w/ Dep. cost accum. Dep. NBV

0

1

AVG. COLLECTION PERIOD A/R or I 1 A/R or I 2 AVG. A/R or I

A/R Turnover AVG. C.P (days)

0

INVENTORY TURNOVER RATIO Beginning Inventory purchases

COGS Ending Inventory

COGS Avg. Inventory

Inventory turnover (>mes per year) 0

FIXED ASSET TURNOVER Change in LIFO reserve tax rate tax savings (current year)

Net Sales avg. net fixed assets fixed asset turnover

0.00%

DECLINING BALANCE Cost residual value es>m. Total produc>on actual produc>on dep. Exp

cost accum. Dep. useful life in years dep. Exp.

2

365

INVENTORY TURNOVER RATIO (DAYS) 0 0

365 Inventory Turnover

Inventory turnover (Days)

AVG. NET FIXED ASSETS 0

NFA 1 NFA 2 Avg. Net Fixed Assets

3

0

PAYROLL Gross pay fed/state income taxes withheld employee por>on of FICA tax other deduc>ons net pay

0

A/P TURNOVER RATIO COGS avg. A/P A/P Turnover

0

WORKING CAPITAL Current Assets current liabili>es Working Capital

0

INTEREST principal annual interest rate number of months Interest

0.00%

PRESENT VALUE Future Value Annuity Factor (n= # of payments, i= market interest rate per period) Present Value TIMES INTEREST EARNED Net income interest exp income tax exp >mes interest earned DEBT TO EQUITY RATIO Total liabili>es stockholder's equity debt to equity ra>o

1

0

AVG. A/P A/P 1 A/P 2 Avg. A/P

0

CURRENT RATIO current assets current liabili>es current ra>o

Single principal payment at maturity

BONDS ISSUED AT A DISCOUNT 0 Face value

annuity cash interest payment issue/sale price of bonds

0 PV factor 0 ini>al interest payment per period annuity factor

INTEREST EXPENSE (BONDS) Issue/sale price of bonds market interest rate how o\en interest is paid per year interest exp. CASH OWED FOR INTEREST Face value coupon rate how o\en interest is paid per year cash owed for interest

Cash owed for interest a

0

AMORITIZED AMOUNT interest exp. cash owed for interest amori>zed amount

BOND DISCOUNT AMORITIZATION SCHEDULE interest exp amori>za>on of bond b c b-a

2

AVG. DAYS TO PAY A/P 365 A/P Turnover Days to pay A/P

bonds payable book value d beg. BV +c

3

DIVIDEND YIELD dividends per share market price per share dividend yield PREFERRED DIVIDENDS Par value number of preferred shares dividend % preferred dividends QUALITY OF INCOME RATIO Cash flow from opera>ng ac>vi>es Net Income quality of income ra>o CAPITAL ACQUISITIONS RATIO cash flow from opera>ng ac>vi>es cash paid for property, plant equip. capital acquisi>ons ra>o

1

0.00%

cash flows from operaAng acAviAes: Indirect method net income ADD noncash expenses (dep./amori>za>on) ADD losses and SUBTRACT gains ADD/SUBTRACT changes in current assets and current liabili>es

current assets current liabili>es

Chanages in current assets and liabilAes account balance increased account balance decreased subtract Change add change add change subtract change

2

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