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LIGNUM CO. – DEC 12 (AFM)

This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.

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August 5, 2020 at 12:44 pm #579334
JAGDEEP2344
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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%.
August 5, 2020 at 3:54 pm #579354
John Moffat
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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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