CFA Level 1 FRA questions with complete solutions
Current Ratio correct answer: Current Assets divided by current liabilities Quick Ratio correct answer: Cash plus marketable securities plus receivables divided by current liabilities Cash Ratio correct answer: Cash plus marketable securities divided by current liabilities Defensive Interval Ratio correct answer: Cash plus marketable securities plus receivables divided by average daily expenditures Cash Conversion cycle correct answer: days in inventory plus days in accounts receivables minus days in accounts payable Accounts receivable turnover correct answer: revenue divided by average accounts receivable inventory turnover correct answer: cost of goods sold divided by average inventory Accounts payable turnover correct answer: purchases divided by average accounts payable Cost of Goods Sold correct answer: Beginning inventory plus purchases minus ending inventory Operating cycle correct answer: days in inventory plus days in accounts receivable
Written for
- Institution
- CFA - Chartered Financial Analyst
- Course
- CFA - Chartered Financial Analyst
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- Uploaded on
- May 25, 2023
- Number of pages
- 11
- Written in
- 2022/2023
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- Exam (elaborations)
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- Questions & answers
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cfa level 1 fra questions with complete solutions
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