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Helen 🎈 · 2023年11月07日

inventory 周转天数哦

NO.PZ2023081403000136

问题如下:

Q. Based on the data in Exhibit 1, what is the analyst least likely to conclude?

An analyst is interested in assessing both the efficiency and liquidity of Spherion PLC. The analyst has collected the data in Exhibit 1 for Spherion:

Exhibit 1:

Spherion Data

选项:

A.Inventory management has contributed to improved liquidity.

B.Management of payables has contributed to improved liquidity.

C.Management of receivables has contributed to improved liquidity.

解释:

C is correct. The analyst is unlikely to reach the conclusion given in Statement C because days of sales outstanding increased from 23 days in FY1 to 25 days in FY2 to 28 days in FY3, indicating that the time required to collect receivables has increased over the period. This is a negative factor for Spherion’s liquidity. By contrast, days of inventory on hand dropped over the period FY1 to FY3, a positive for liquidity. The company’s increase in days payable, from 35 days to 40 days, shortened its cash conversion cycle, thus also contributing to improved liquidity.

不是越低越好吗???

1 个答案

王园圆_品职助教 · 2023年11月07日

同学你好,是的哦,inventory turnover确实是变低了,也确实是越低越好,A选项说的完全正确

但是题目问的是”what is the analyst least likely to conclude?“也就是以下哪个项目是错误的

AB都是对的,所以不能选