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Yes it was since revenue was shooting up but profits weren’t and they had increased overdrafts.
Yes it was since revenue was shooting up but profits weren’t and they had increased overdrafts.
Afternoon paper was way too difficult
Sec was simple NPV, Sensitivity and other one was Ratios for working capital and discussion on overtrading plus theory.
Section B was the most annoying – Bond valuation, Fx rates and I don’t recall the other one
Section A was tough as well, weird graphs of NPV and 4-6 marks questions on Islamic finance, a bit to govt policy and cost of equity calc
Does anyone remember the other section B question that I don’t recall?
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