- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Valuation
- Learning Module 22. Industry and Company Analysis
- Subject 3. Balance Sheet and Cash Flow Statement Modeling
CFA Practice Question
To project future accounts receivable, an analyst can assume a number of days sales outstanding and combine it with projected:
A. credit sales.
B. COGS
C. credit purchase.
Explanation: Accounts receivable = credit sales x days sales outstanding/365.
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