[taxguy17]

I am wrapping up studying for AUD which I am taking on Wednesday. Could anyone help me narrow down the important ratios to know and should memorize before my exam? Also, if you could share any memorization tips for them, it would be appreciated. Thanks!

BEC - 84
REG - 86
AUD - 92
FAR - 90

[Anonymous]

I don't think there is a way to know exactly which ones are going to show up on the exam, but the way I remember them is that a majority of the ratios are: (Income Statement item / Avg. Balance Sheet Item). For example, inventory turnover is calculated as: Cost of Goods Sold (I/S) / Avg. Inventory (B/S). Hope this helps!

[Author]

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