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APX co Dec 2009

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › APX co Dec 2009

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.
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    Posts
  • September 5, 2016 at 5:12 pm #337984
    pinkyjovin123
    Participant
    • Topics: 92
    • Replies: 134
    • ☆☆☆

    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

    September 5, 2016 at 5:54 pm #338047
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51529
    • ☆☆☆☆☆

    We 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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