CFA Level 1 FRA Questions and Correct Detailed Answers (Verified Answers) ||Already Graded A+||Newest Version

CFA Level 1 FRA Questions and Correct Detailed
Answers (Verified Answers) ||Already Graded
A+||Newest Version
Quiz: Current Ratio

Ans: Current Assets divided by current liabilities



Quiz: Quick Ratio

Ans: Cash plus marketable securities plus receivables divided by current liabilities



Quiz: Cash Ratio

Ans: Cash plus marketable securities divided by current liabilities



Quiz: Defensive Interval Ratio

Ans: Cash plus marketable securities plus receivables divided by average daily
expenditures



Quiz: Cash Conversion cycle

Ans: days in inventory plus days in accounts receivables minus days in accounts payable



Quiz: Accounts receivable turnover

Ans: revenue divided by average accounts receivable



Quiz: inventory turnover



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, Ans: cost of goods sold divided by average inventory



Quiz: Accounts payable turnover

Ans: purchases divided by average accounts payable



Quiz: Cost of Goods Sold

Ans: Beginning inventory plus purchases minus ending inventory



Quiz: Operating cycle

Ans: days in inventory plus days in accounts receivable



Quiz: Fixed asset turnover

Ans: revenue divided by average net fixed assets



Quiz: working capital turnover

Ans: revenue divided by average working capital



Quiz: equity turnover

Ans: revenue divided by average equity



Quiz: debt to equity ratio

Ans: total debt divided by total equity



Quiz: debt ratio
o
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© 2025 TestTrackers
WhatsApp or call o Resources & Updates: [Testtrackers - Stuvia US]
[+254707240657] o Your Success is Our Mission!
o For online exams and tutor expert, please whatsapp me
in the number given.