Formula
Reverse Formula
Definition
Terminology
Bonus Questions
100

Liabilities + Owner's Equity

What is Assets?

100

The division of current assets by current liabilities.

What is Current Ratio?

100

A company’s long-run financial viability and its ability to cover long-term obligations

What is the definition of solvency?

100

The total amount of money spent for sales.

What is Cost of Goods Sold?

100

Prof Rony Lim's email

What is rbtlim@ntu.edu.sg

200

Total Liabilities/Shareholders' equity

What is the formula of debt to equity ratio?

200

This is the difference between total assets and total liabilities.

What is Owner's Equity?

200

Reveals profitability generated from owner’s equity

What does return on equity (ROE) reveal?

200

Money that a company owes to its suppliers for goods or services

What is Accounts Payable?

200

Prof Rony's colleges

What is the London School of Economics & Political Science, and the University of Oxford?

300

Beginning Inventory + Net Purchases - Ending Inventory

What is the formula for COGS?

300

A ratio that is also known as acid test.

What is Quick Ratio?

300

Measures a company's ability to pay interest on its outstanding debt

What does Interest coverage ratio measure?

300

All debts that a company has yet to pay

What is liability?

300

Prof Rony

Who is the best FA prof in NTU?

400

(Net Income + Interest Exp + Tax Exp)/Interest Exp

What is Times interest earned ratio?

400
The term used to explain how quickly a company can convert assets into cash.
What is liquidity?
400

The depreciation of an intangible asset (e.g. license, patent) over a fixed period of time.

What is Amortisation?

400

These are payments to the shareholders of a company.

What are Dividends?

400

Group 8

Who is the best group in this class?

500

Net Credit Sales/Average AR

What is the Average AR Turnover Ratio?

500

The sum of ending inventory and COGS, deducting beginning inventory.

What is total supplier purchases?

500

the length of time it takes to sell inventory, collect receivables and the length of time the company is afforded to pay its bills

What is the cash conversion cycle?

500

Revenue, expenses and income summary

What is temporary accounts?

500

6

What is the number of research articles that Prof Rony Lim has published based on his LinkedIn?