Match each ratio or percentage with its formula by entering the appropriate letter for each numbereditem. Ratios

Match each ratio or percentage with its formula by entering the appropriate letter for each numbereditem.

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Ratios or Percentages 1. Current ratio 2. Net profit margin 3. Inventory turnover ratio 4. Gross profit percentage Formula A. Net income ÷ Total revenue B. (Net sales revenue-Cost of goods sold) ÷ Net sales revenue C. Current assets ÷ Current liabilities D. Cost of goods sold Average inventory E. Net credit sales revenue Average net receivables F Net income Average number of common shares 5. Fixed asset turnover 6. Return on equity outstanding G. Total liabilities ÷ Total assets H. (Net income Interest expense Income tax 7. Times interest earned 8. Debt-to-assets ratio expense) ÷ Interest expense I. Current market price per share 9. Price/earnings ratio Earnings per share Receivables turnover ratio J. Net income Average total stockholders' equity 11. Earnings per share K. Total revenue Average net fixed assets