How do you go about answering FRA questions?

I’ve noticed in a couple mock exams that the FRA isn’t so straight forward as to “has DSO increased or decreased”, but more along the lines of “has the company’s performance improved?”

With the latter question, this could refer to the accruals rate, revenue growth, AR build up, cash conversion, etc.

This feels quite overwhelming as we’re usually presented with a mini-statement, and there aren’t a whole lot of time to calculate each metric.

How have you guys approached this, and for those who’ve passed level II, what has helped you?