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

An analyst estimates annual cost of goods sold of 730 million, average inventory of 80 million, annual credit sales of 1,095 million, average receivables of 90 million, annual purchases of 760 million, and average payables of 95 million. Using 365 days, the cash conversion cycle is closest to:

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