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尼克内姆 · 2020年04月21日

问一道题:NO.PZ2016021705000062 [ CFA I ]

问题如下:

Given the following financial statement data, calculate the operating cycle for this company.

The operating cycle for this company is closest to:

选项:

A.

42.0 days.

B.

47.9 days.

C.

78.5 days.

解释:

C  is correct.

Number of days of inventory = $2,300/($20,000/365) = 41.975 days(大家注意此处答案用的是ending数据,但应该使用average inventory)

Number of days of receivables = $2,500/($25,000/365) = 36.5 days

Operating cycle = 41.975 + 36.5 days = 78.475 days

Note: The net operating cycle is 47.9 days.

Purchases = $20,000 + $2,300 $2,000 = $20,300

Number of days of payables = $1,700/($20,300/365) = 30.567 days

The net operating cycle is 78.475 30.567 = 47.908 days

有两个问题没弄懂,1.能不能从概念上帮我区分下credit sales和accounts receivables   2.题目求的是operating cycle,不是net operating cycle,为什么还要减days of payable?

1 个答案

Olive_品职助教 · 2020年04月22日

嗨,爱思考的PZer你好:


credit sales是赊销额,企业比如卖出去100件商品,销售额10000,其中部分是收现的,部分是赊销,形成应收账款,赊销的部分就是当期的credit sales,会增加企业的account receivables。

解析中间先计算了 Operating cycle ,后面的net operating cycle只是展示给大家看net operating cycle的计算方法,并不是在计算这道题的答案。


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