How much are these ratios tested in Level 1? Items like: Cash conversion cycle Payables Turnover Ratio Number of days in Inventory I find these topics extremely boring and hoped that it is more conceptual than memorizing these formulas. Thanks!

I’d guarantee a couple questions involving knowing the formulas of one of these… AR turnover is more commonly tested IMO

cash conversion cycles arent as important as the the other two, but i reckon they are really easy to remember if you really understood the concept underlying these ratios.