An analyst gathers the following information about a company:
Cost of goods sold $18.4 million
Average inventory $2.5 million
Receivables turnover 24 times
Number of days of payables 25 days
Under U.S.GAAP, the company’s cash conversion cycle (in days) is closest to:
A.40.
B.59.
C.65.
第1题
In the evaluation of credit ratings, a company will most likely be assigned a higher credit rating if it has a:
A.lower EBITDA/Interest ratio.
B.lower dividends-to-total-debt ratio.
C.higher five year average of its coefficient of variation of its operating margin.
第2题
The use of financial ratio analysis is most likelylimited in which of the following situations? When:
A.providing a means of evaluating management’s ability.
B.comparing companies using different accounting methods.
C.providing insights into microeconomic relationships within a company that help analysts project earnings and free cash flow.
第3题
Bao Corp.has a current ratio above 1 and a quick ratio less than 1.Which of the following actions will increase the current ratio and decrease the quick ratio? Bao Corp.:
A.buys fixed assets on credit.
B.uses cash to purchase inventory.
C.pays off accounts payable from cash.
第4题
The presentation format of balance sheet data that standardizes the first-year values to 1.0 and presents subsequent year’s amounts relative to 1.0 is a(n):
A.indexed balance sheet.
B.vertical common-size balance sheet.
C.horizontal common-size balance sheet.
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