Obligations are due within one year or the company's normal operating cycle.
What is Current Liabilities
100
When a company purchases back it's stock.
What is Treasury stock
100
The selling of current assets to pay of debts
What is Liquidate
100
Cost of Goods sold/ Average Inventory
What is Inventory Turnover
200
An investor company that owns 51% or more of the voting stock of a subsidiary company?
What is Parent Company
200
A potential liability that depends on the future outcome of a past event.
What is Contingent Liability
200
A company must pay out dividends to this type of stock before any other.
What is Preferred Stock
200
How are common-sized income statements created?
What is Vertical Analysis
200
Net Sales/ Average net accounts receivable
What is Accounts receivable turnover
300
A stated interest rate is less than market rate.
What is Discount Bond
300
Recorded as a long term asset with the option to purchase.
What is Capital Lease
300
An arbitrary value common stock is recorded at.
What is Par Value
300
How to measure profitability?
What is Gross Margin Percentage
or Gross margin/net sales
300
Net income- Preferred dividends/Average # of shares of common stock outstanding
What is EPS
400
An investee company in which a parent company owns 51% or more of the voting stock.
What is Subsidiary
400
Bonds only backed by the good faith of the borrower.
What is Debenture AKA unsecured
400
Retained Earnings is represented by?
What is Net Income
400
Current assets - current liabilities represents?
What is Working Capital
400
Net Sales/Average total Assets
What is Asset Turnover
500
All other investments not referred to as a held-to-maturity, or trading securities are?
What is Available-for-sale-securities
500
The action of an issuer paying off a bond early.
What is Callable Bond
500
If $1 par value stock is sold for $20, by what amount is Cash increased, by what amount is Common Stock increased, and by what amount is Additional Paid-in Capital increased?
What is Cash-$20
Common Stock-$1
Additional Paid-in Capital-$19
500
Which ratio assesses capital structure and risk in a corporation?