CFA Level I sample question

CFA Level I Working Capital and Liquidity question

Corporate Issuers / Working Capital and Liquidity

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Working Capital and Liquidity sample question

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Corporate Issuers

Working Capital and Liquidity

Anika Berg, an analyst, compiles the following annual data for Solstice Mills: cost of goods sold of 547.5 million, average inventory of 90 million, credit sales of 912.5 million, average receivables of 115 million, purchases of 584 million, and average payables of 64 million. Using a 365-day year, the cash conversion cycle is closest to:

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