QUESTIONS 69 THROUGH 78 RELATE TO CORPORATE FINANCE

72. - MOCK AND SAMPLE EXAMS CFA CFA LEVEL I MOCK EXAM AFTERNOON 2013 72. - MOCK AND SAMPLE EXAMS CFA CFA LEVEL I MOCK EXAM AFTERNOON 2013
MOCK AND SAMPLE EXAMS CFA CFA LEVEL I MOCK EXAM AFTERNOON 2013
72. Assume a 365-day year and the following information for a company: Current year Previous year Sales $12,000 $10,000 Cost of goods sold $9,000 $7,500 Inventory $1,200 $1,000 Accounts payable $600 $600 The firm’s days in payables for the current year is closest to: A. 18.3. B. 23.8. C. 24.9.