CFA level 1 Question for the dayLaxman Ltd reported a return on equity of 27%. Net profit margin of 6% and Asset turn over ratio of 1.4X. If the company had Equity of 550 crs what would be the company €™s Average total assetsa.Rs. 1650 crsb.Rs.183.3 crsc.Rs.2475 crs
I am getting the answer as 1767 crs. Please correct me where i am wrong.
PAT/Equity = return on Equity = .27 => PAT = Equity *.27 = 148.5 crores
CFA Level 1 question of the dayIt is seen that the conditional probability of Sachin scoring a century when India wins a match is 36%. If the probability of India winning matches in the sample given is 50%, and Sachin scored centuries in 20% of all Indian matches, solve the following• Create the probability structure, assuming 100 matches.• What is the joint probability of India winning a match and Sachin not scoring a 100?• What is the conditional probability of Sachin scoring a 100 when India loses the match?• Given that you have been told that Sachin has scored a 100, what is the probability that India has won the match?
The answer for the above question is available in the below link
SecOne reported total current assets of Rs.5000 crs and Total Current liabilities of Rs.3900 crs. The company €™s sales during the year is Rs.8600 crs. Amongst these Current items if Secone pays its accounts payable using cash then the Working capital turnover ratio will
CFA level 1 Question for the dayLaxman Ltd reported a return on equity of 27%. Net profit margin of 6% and Asset turn over ratio of 1.4X. If the company had Equity of 550 crs what would be the company €™s Average total assetsa.Rs. 1650 crsb.Rs.183.3 crsc.Rs.2475 crs
CFA Level 1 question for the daySecOne reported total current assets of Rs.5000 crs and Total Current liabilities of Rs.3900 crs. The company €™s sales during the year is Rs.8600 crs. Amongst these Current items if Secone pays its accounts payable using cash then the Working capital turnover ratio willa. Increaseb. Decreasec. Will not change
Working capital turnover ratio is revenue/(current assets - current liability).
When we pay accounts payable using cash, our current assets(cash) decreased and current liability (assounts payable) also decreases by the same amount, keeping the difference of currnet assets - current liabilities CONSTANT.
Hence answer should be C. The ration will not change.
I have secured 97%ile this year in CAT but I will give it next year.. Also I'll give CFA level 1 in June.. I just registered for it and have around 3 months to study..
I also im doing a financial consulting job..
How much time would it take to be thorough with CFA level 1 considering that I also have a job and would simultaneously prepare for MBA as well?
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