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

Tarragon Devices currently has days of inventory on hand of 55, days sales outstanding of 40, and days payables outstanding of 30. Management negotiates supplier terms that raise days payables outstanding to 45 and introduces early-payment discounts that cut days sales outstanding to 32, but slower stock turnover raises days of inventory on hand to 58. The company's new cash conversion cycle is closest to:

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