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Ask the Tutor ACCA AFM

LIGNUM CO. - DEC 12 (AFM)

JJAGDEEP5y ago
Hi John, Why did we take 60% while calculating exposure in current assets when our exposure to forex in current assets was of only 40%.
John MoffatJohn MoffatTutor5y ago#1
40% of receivables are all for sales made in Euros and so they are not exposed. The other 60% of the current assets are inventories and cash, and they are exposed.
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