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Card 16

Front

What does the 'trading account' record and include?

Back

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Card 17

Front

What does the appropriation account show and who does it apply to?

Back

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Card 18

Front

What are the two profitability ratios?

Back

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Card 19

Front

What is the formula for 'Gross Profit Margin'?

Back

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Card 20

Front

What does a GPM answer of 60% mean?

Back

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Card 21

Front

What is the formula for 'Net Profit Margin'?

Back

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Card 22

Front

What does a NPM answer of 35% mean?

Back

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Card 23

Front

What are the two liquidity ratios?

Back

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Card 24

Front

What is the formula for 'Current Ratio'?

Back

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Card 25

Front

What is the formula for 'Acid Test Ratio'?

Back

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