QUESTIONS 45 THROUGH 68 RELATE TO FINANCIAL STATEMENT ANALYSIS

61. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2012
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2012
61. The following information is available: Income Statement Items ($)Sales 421,000Cost of goods sold (COGS) 315,000Balance Sheet ItemsCash 30,000Accounts receivable 40,000Inventories 36,000Accounts payable 33,000The company’s cash conversion cycle (in days) is closest to: A. 38.2. B. 45.2. C. 76.4.