- CFA Exams
- CFA Level I Exam
- Study Session 10. Equity Valuation (2)
- Reading 26. 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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