225Review for Test threespring2010

225Review for Test threespring2010 - Profit margin Debt to...

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Review for Test three Cost of the asset Capitalizing an asset v. expensing a repair Basket purchase Depreciation – partial and whole year – activity based and straight-line Disposal of an asset Book value v. cost Know how to compute the ratio and know what type of ratio it is: Return on assets Asset turnover
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Unformatted text preview: Profit margin Debt to equity Times interest earned Acid test ratio Current ratio Notes payable - interest expense – payoff Unearned revenue Current liability v. long-term liability Bonds payable Salaries and wages expense Payroll tax expense Sales taxes Loss contingency...
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