[viktorya1988]

Passed with 72. So happy. Thank you dear John Moffat.

[viktorya1988]

Dear Mr. Moffat
I have 2 questions relating to APX Co 12/09 question.
1. When calculating the next year receivables, inventories and payables, why they don’t take into account the average figures? As e.g. the inventory turnover period is
(average inventories/COS)*365 so the next year inventories should be
((COS*110/365)-1.2 mln)*2.The same with the receivables and payables.

2. In the statement of financial position current liabilities should not incurred the figures of dividends payable and tax payable, and after it balance the overdraft?

Thank you in advanse.

[viktorya1988]

Pass 70%. So happy :)))

[viktorya1988]

73%

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