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Flashcards in Balance sheets Deck (12)
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1
Q

non-current assets

A

assets the business owns long term e.g. buildings

2
Q

current assets

A

assets the business owns short term (sold on within a year) e.g. stock

3
Q

total current assets

A

non current assets + current assets

4
Q

current liabilities

A

debts the business owes short term e.g. overdraft

5
Q

non-current liabilities

A

debts the business owes long term e.g. mortgage

6
Q

net current assets

A

current assets - current liabilities

7
Q

net assets

A

total non-current assets + net current assets

8
Q

capital employed

A

total assets - current liabilities

9
Q

roce

A

net profit / capital employed x 100

10
Q

current ratio

A

current assets / current liabilities

11
Q

acid test ratio

A

(current assets - stock) / current liabilities

12
Q

mark-up

A

gross profit / cost of goods x 100