Managerial Accounting Final Formulas Cheat Sheet – Flashcards
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Working Capital
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CA-CL
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Current Ratio
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CA/CL
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AR Turnover
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Sales on Account / Avg. AR Bal. 365 / Turnover
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Debt to Equity Ratio
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Total Liabilities / (Total Assets- Total Liabilities)
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EPS
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Net Income / Avg. # Common Shares Outstanding
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Price Earnings Ratio
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Price / EPS
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ROI
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Margin * Turnover
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Breakeven
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P = (CM% * Sales) - Fixed
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Residual Income
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Operating Income - Return on Asset (Asset * Required Rate of Return)
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Volume Variance
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(Budgeted - Standard) * Predetermined OH Rate
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Variances
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Aqua Apples Play Aqua Space Quickly Square Space AQ x AP <> AQ x SP <> SQ x SP
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Inventory Turnover
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CGS / Avg. Inv. Bal. 365 / Turnover
