CorporateFinance课件.ppt

* Operating Expenses to Sales Ratio(s) The operating expenses to sales ratio measures the costs incurred to support each dollar of sales. The operating expenses to sales ratio is the other factor directly affecting the ROS. The ratio is computed by dividing operating expenses (selling and administrative expenses) by sales. Copyright: Thomas Heck 撂拧姬垛少挠婴谢稳鸣逛坝慢棒厩涌月贤界林剐撮簧厩榜菱般恒垄啪不降CorporateFinance课件CorporateFinance课件 * Operating Expenses to Sales Ratio Operating expenses to sales ratio = Operating expenses * 100 Sales Copyright: Thomas Heck 檀纫豪闸昨替欠工蓉酉壮嫉厂熬脯您鄂波叙哆郧泰耙创涡掏狂剐悠帘架序CorporateFinance课件CorporateFinance课件 * Cash Return on Sales Ratio The cash return on sales ratio is the cash-basis counterpart to the ROS discussed earlier. The difference between the cash return on sales ratio and the ROS is the difference between accrual accounting and cash-basis accounting, such as differences in the timing of revenue and expense recognition. The cash return on sales ration is computed by dividing cash provided by operating activities by sales. Copyright: Thomas Heck 犁氢栋歌链侵枚钢朱柒坤萍收啡例净瑞烁涨必基辈秽稗否感倡旅富糙朱剿CorporateFinance课件CorporateFinance课件 * Current Ratio The current ratio expresses the relationship of current assets to current liabilities, computed by dividing current assets by current liabilities. The current ratio is widely used for evaluating a companys liquidity and short-term debt-paying ability. The current ratio does not take into account the composition of the current assets. A satisfactory current ratio does not disclose that portion of the current assets that may be tied up in slow-moving inventory. Copyright: Thomas Heck 独铝双娟攻槐揖崖营厩瀑菱拆宫稗功曰蚊缚恭篮浦斋核姓夏柴琳娱火曳沃CorporateFinance课件CorporateFinance课件 * Current Ratio Current ratio = Current assets Current liabilities Copyright: Thomas Heck 械褐仆嫡咏缀瘪晰请妓玉爪汛律蹦副摹毋亦岳蓝拈爷扭袄骇钥塌共土般南CorporateFinance课件CorporateFinance课件 * Acid-Test Ratio The acid-test ratio or quick ratio is a measure of a companys immediate short-term liquidity.