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CFA Level 1 FRA With Complete Solutions Latest Update
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CFA Level 1 FRA With Complete Solutions Latest Update
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CFA Level 1 FRA With Complete SolutionsLatest Update
Current Ratio - correct answers Current Assets divided by current liabilities
Quick Ratio - correct answers Cash plus marketable securities plus receivables
divided by current liabilities
Cash Ratio - correct answers Cash plus marketable securities divided by current
liabilities
Defensive Interval Ratio - correct answers Cash plus marketable securities plus
receivables divided by average daily expenditures
Cash Conversion cycle - correct answers days in inventory plus days in accounts
receivables minus days in accounts payable
Accounts receivable turnover - correct answers revenue divided by average
accounts receivable
inventory turnover - correct answers cost of goods sold divided by average
inventory
Accounts payable turnover - correct answers purchases divided by average
accounts payable
, Cost of Goods Sold - correct answers Beginning inventory plus purchases minus
ending inventory
Operating cycle - correct answers days in inventory plus days in accounts
receivable
Fixed asset turnover - correct answers revenue divided by average net fixed assets
working capital turnover - correct answers revenue divided by average working
capital
equity turnover - correct answers revenue divided by average equity
debt to equity ratio - correct answers total debt divided by total equity
debt ratio - correct answers total debt divided by total assets
debt to total capital ratio - correct answers total debt divided by total debt plus
total equity
Financial leverage ratio - correct answers average total assets divided by average
total equity
interest coverage ratio - correct answers EBIT divided by interest payments
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