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Dear John,
In part 1 b (ii) of the question I am unclear as to how the current liabilities have changed (decreased by 2.1m in proposal 1 and increased by 7m in proposal 2)
Would be grateful if you could clarify.
Many thanks
KamranThe question says that for the first directors proposal ‘the book value of the current liabilities will reduce by 10%’, and for the second directors proposal it says ‘current liabilities are estimated to increase to $28 million’.
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