Quiz Space

Financial Forensics · Quiz 2 · 2 Apr 2023 · January 2023 term · Set QPE2

Question 3: Mario's Home Systems has sales of ₹ 2,820, costs of goods…

Question 3

+1 markOne correct option

Mario's Home Systems has sales of ₹ 2,820, costs of goods sold of ₹ 2,160, inventory of ₹ 504, and accounts receivable of ₹ 430. How many days, on average, does it take Mario's to sell its inventory?

  1. A

    85.17 days

  2. B

    55.66 days

  3. C

    65.23 days

  4. D

    84.00 days

Show answer

Correct answer

  • A

    85.17 days

See the whole paperTake it as a mock test

Question 3 of 25 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 2 paper sat on 2 Apr 2023, in the January 2023 term (IIT M DEGREE AN3 EXAM QPE3 02 Apr 2023). It carries 1 mark.

This question was also asked in

More questions from this paper

  1. Q1A firm has a return on equity of 25 percent. The total asset turnover is 2.4 and the profit margin is 8 percent. The to…
  2. Q2A firm has net working capital of ₹ 580, net fixed assets of ₹ 2,326, sales of ₹ 6,900, and current liabilities of ₹ 89…
  3. Q4Frederico's has a net income of ₹ 29,600, a total asset turnover of 1.4, total assets of ₹ 3,18,600, and a debt-equity …
  4. Q5Catherine's Consulting paid dividends of ₹ 3,300 and total equity of ₹ 39,450. The debt-equity ratio is 1 and the reten…
  5. Q6Southern Foods has net income of ₹ 39,900, net sales of ₹ 3,18,600, total assets of ₹ 6,63,000, common stock of ₹ 1,06,…
  6. Q7Mohan will receive a perpetuity of ₹ 30,000 per year forever, while Rohan will receive the same annual payment for the …
  7. Q8Your grandparents would like to establish a trust fund that will pay you and your heirs ₹ 2,05,000 per year forever wit…
  8. Q9An annuity costs ₹ 70,000 today, pays ₹ 3,500 a year, and earns a return of 4.5 percent. What is the length of the annu…
  9. Q10Nu-Tools plans to set aside an equal amount of money each year, starting today, so that it will have ₹ 25,000 saved at …
  10. Q11Blink of an Eye Company is evaluating a 5-year project that will provide cash flows of ₹ 34,500, ₹ 55,950, ₹ 62,210, ₹ …
  11. Q12According to the CAPM, the expected return on a security is:
  12. Q13Phil's Carvings wants to have a weighted average cost of capital of 9.5 percent. The firm has an after-tax cost of debt…
  13. Q14What is the cost of equity for a firm that has a beta of 1.2 if the risk-free rate of return is 2.9 percent and the exp…
  14. Q15What is the relationship between the IRR and the cost of capital?
  15. Q16After missing 4 consecutive payments, a customer paid back the missed instalments in the 5th month. Has the customer ro…
  16. Q17Which of the following is used to remove bias from the declined population?
  17. Q18A machine learning model has a PSI value of 0.14. Which of the following seems appropriate?
  18. Q19What is the KS of the below table? What is the KS of the below table?
  19. Q20What is the capture rate at the top 3 bins from the below report? What is the capture rate at the top 3 bins from the b…
  20. Q21Which of the information values imply strong predictive power?
  21. Q22Which of the following statements is true about the weight of evidence?
  22. Q23What is the rollback rate for 60-89 DPD after 18 MOB? What is the rollback rate for 60-89 DPD after 18 MOB?
  23. Q24Roll forward rate is the rate of customers who continue to be delinquent and do not pay back the credit due in the futu…
  24. Q25Which of the following about reject inferencing is true?