[CFA level 1模拟真题]Version 4 Questions－Q32 class, following, statements, principles, accounting

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Q32. Assume U.S.GAAP (generally accepted accounting principles) applies unless otherwise noted.

An analyst gathered the following information from a company’s financial statements ($ millions):

Year ended 31 December	2003	2004
Sales	320.1	322.8
Net income	26.8	27.2
Cash flow from operations	38.1	15.3

Based only on the information above, during 2004 the company most likely decreased the :

A. proportion of sales made on a cash basis.

B. Inventory, anticipating lower demand for its products in 2005.

C. Proportion of interest-bearing debt relative to trade accounts payable.

D. Investment in long-term assets by selling undeveloped land at a substantial loss.

wangasas14

 

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xxjj564

 a

suhulijing

thanks

merlinna

 a

jiguobiao

A

cktforever

c

elea0930

a

clover

a

gdtoknw

thx