[sharvesh]

@michael7656 said:
Hi,

In this question the foreign trade payables balance at the year end of $20.83 is deducted from trade payables on the cash flow statement. The balance is outstanding at the year end and I don’t understand why it would be deducted. Help!

Thank you in advance,
Michael.

[sharvesh]

Thanks John, No i didn’t. I will watch it . On thing John, I got the growth rate @ nearly 7.7%.

Which in turn makes the current share price value upto $ 23.41 after applying it into the formula.

Am I right?

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