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August 11, 2021 at 9:05 pm
hello sir, is it possible to explain how to calculate the avg of the receivables? ( i suppose the same will be valid for inventory and payable)
John Moffat says
August 12, 2021 at 9:28 am
As always, to get an average you add the amount at the start of the year to the amount at the end of the year, and then divide the total by two.
January 4, 2021 at 9:40 pm
Sir, in gearing and leverage ratios, are reserves also included in share capital?
January 5, 2021 at 7:09 am
They are included in equity. Equity is share capital plus reserves.
November 7, 2020 at 5:09 pm
Bit confused about the inventory days formula. why is it inventory divided by cost of sales to be accounted as the inventory percentage of the year? instead of inventory divied by the total value of cost of sales plus inventory showing the percentage of inventory unsold for the financial year?
November 8, 2020 at 9:52 am
because we are calculating how many days it is taking to sell the goods
February 27, 2019 at 4:06 pm
These formulae are not provided in the exam.
February 27, 2019 at 2:00 pm
Quick question : Are these formulas provided in the exam or are we expected to memorise them?
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