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Exam (elaborations)

UTA Accounting Entrance Exam Formulas Questions and Answers 100% Pass

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UTA Accounting Entrance Exam Formulas Questions and Answers 100% Pass Retained earnings - =contributed capital - dividends + revenues - expenses =net income - dividends (will more than likely see this one for the statement of retained earnings) Return on assets (ROA) - =net income / average total assets Debt ratio - =total liabilities / total assets straight line depreciation expense - =(asset cost - salvage value) / useful life profit margin - =net income / net sales current ratio - =current assets / current liabilities net income - =revenues - expenses

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UTA Accounting Entrance Exam
Formulas Questions and Answers
100% Pass


Retained earnings - ✔✔=contributed capital - dividends + revenues - expenses




=net income - dividends (will more than likely see this one for the statement of retained

earnings)


Return on assets (ROA) - ✔✔=net income / average total assets


Debt ratio - ✔✔=total liabilities / total assets


straight line depreciation expense - ✔✔=(asset cost - salvage value) / useful life


profit margin - ✔✔=net income / net sales


current ratio - ✔✔=current assets / current liabilities


net income - ✔✔=revenues - expenses




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