Hello,
In the d part Answer,
How do we get into conclusion that 46% CLs in the current SOFP and 47% CLs in the Forecast SOFP
Could you please explain the above figures
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APX co Dec 2009
10y ago#1We don't say that at all!
The answer actually says that trade payable are 46% of current liabilities in the current SOFP.
In the current SOFP, payables are 1.9, current liabilities are 4.1
So payables are 1.9/4.1 = 46% of current liabilities.
It is the same workings for the forecast SOFP.
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