Exam (elaborations)
Level 1 CFA Formulas Questions with solutions
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Level 1 CFA Formulas
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Level 1 CFA FormulasReceivables Turnover & Ratio Type - answer sales/Avg. Receivables **(Activity Ratio)
Days Sales Outstanding & Ratio Type - answer365/Receivables Turnover **(Activity
Ratio)
Inventory Turnover & Ratio Type – answer COGS/Avg. Inventory **(Activity Ratio)
Days Inventory on Hand & Ratio Type - answer365/Inventory Turnover **(Activity Ratio)
Payables Turnover & Ratio Type - answer Purchases/Avg. Trade payables **(Activity
Ratio)
Number of Days Of Payables & Ratio Type - answer365/Payables Turnover ratio
**(Activity Ratio)
Total Asset turnover & Ratio Type - answer Revenue/Avg. Total Assets **(Activity Ratio)
Fixed Asset Turnover & Ratio Type - answer Revenue/Avg Net Fixed Assets **(Activity
Ratio)
Working Capital Turnover & Ratio Type - answer Revenue/Avg. Working Capital
**(Activity Ratio)
Current Ratio & Ratio Type - answer Current Assets/Current Liabilities **(Liquidity)
Quick Ratio & Ratio Type - answer(Cash + Marketable Securities Receivables)/Current
Liabilities **(Liquidity)
Cash Ratio & Ratio Type - answer(Cash + Marketable Securities)/Current Liabilities
**(Liquidity)
Defensive Interval & Ratio Type - answer(Cash + Marketable Securities +
Receivables)/Average daily Expenditures **(Liquidity)
Cash Conversion Cycle & Ratio Type - answer(Days sales Outstanding) + (Days of
Inventory on hand) - (Number of days of Payables) **(Liquidity)
Debt to equity & Ratio Type - answer Total Debt/Total Shareholders Equity **(Solvency)
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