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FBLA Accounting II Formulas
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Avg score: 45% • Most missed: “Average collection of A/R”
FBLA Accounting II Formulas
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18 Questions

1. Accounts Receivable turnover

2. net income

3. Compound Interest

4. electronic funds transit

5. inventory turnover

6. service charge

7. interest earned

8. days in inventory

9. gross profit ratio

10. deposits in transit

11. interest revenue

12. notes collected

13. NSF's

14. Average collection of A/R

15. net sales

16. outstanding checks

17. gross profit

18. profit margin

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