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Hello, please explain part of answer at a)…17%.I don’t understand where did they get 2935000 amount! Thank you in advance
The current assets are 16,935, the current liabilities are 14,000.
Therefore the working capital is 16,935 – 14,000 = 2,935.
14,000 of the current assets are being financed from short-term finance, the net current assets (working capital) of 2,935 are being financed from long-term finance.
I do suggest that you watch my free lectures on working capital. Our lectures are a complete free course for Paper F0 and cover everything needed to be able to pass the exam well.
Thank you for help!Yes,I am using your notes,lectures and bpp revison kit for exam.
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