[Natasha]

There has been no additional investment in working capital as all profits made were paid as dividends, no new capital was raised and the non current asset structure is the same as previous year. It therefore means that the net current assets ( working capital) is still $250.

Inventory 200 x 2= 400
Receivables 150 x 2= 300
Cash {bal fig} (50)

Total 650

Payable 200x 2= 400

Net current assets: 650-400= 250

[Natasha]

I totally agree with you. The examiner definately had me on the MTQs. TBH, they were challenging but even worst time consuming and required a great deal of time to decode; that I didn’t do well. Section C wasn’t bad at all; I hope I scored enough on section C to make up for the poor performance on the MTQs.

[Author]

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