calculating percentages in accounting?
I can't find the formulas anywhere for the following percentages: Operating Profit Percentage Profit after interest and tax Percentage Return on equity Percentage Days in inventory Days in recievables Accounts payables I was wondering if anybody could help me?
Other - Business & Finance - 1 Answers
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Answer 1 :
Operating Profit / Net Sales Net Income / Net Sales Net Income / Avg Equity Cost of Goods Sold / 365 = Daily Avg CGS; Avg Inventory / Daily Avg CGS = Days in Inv Net Credit Sales / 365 = Daily Avg Credit Sales; Avg Accts Recv / Daily Avg Credit Sales = Days in A/R Avg Accts Pay / Daily Avg CGS = days in A/P
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