If I been given sales, gross profit, cost of sales, beginning & ending inventory & cost of inventory purchases. From these items I believe I can calculate the following ratios:
*gross profit margin
*days inventory
*times inventory turnover
Are there any other ratios that may be calculated? I have gone through as many as I can find, however all of the others seem to require accounts that I have not been given. Am I missing something? I am not able to calculate assets from the info so I am not sure if there are any other ratios I can use.
Am grateful for your time.
Parrot

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Originally Posted by ParrotBird48516

If I been given sales, gross profit, cost of sales, beginning & ending inventory & cost of inventory purchases. From these items I believe I can calculate the following ratios:
*gross profit margin
*days inventory
*times inventory turnover
Are there any other ratios that may be calculated? I have gone through as many as I can find, however all of the others seem to require accounts that I have not been given. Am I missing something? I am not able to calculate assets from the info so I am not sure if there are any other ratios I can use.
Am grateful for your time.
Parrot

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What did I say the last time I responsed to you. You are over thinking again.

You can only use the data associated with the ratios you have been given and visevirsa so just progress at the rate your text and instructors allow

Ok paraclete... will try and calm down and switch off some brain cells! Thanks for your advice and time.
Parrot

Yes do that accounting is not rocket science