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P4: Dec 2013 Question 4 (a)

This topic has 2 replies, 3 voices, and was last updated 10 years ago by Ramesh.

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November 28, 2014 at 6:36 am #213982
aida87
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Dear Tutor,
could you, please, explain why total additional funds available to Nubo Co is $399.6? isn’t it should be $300.6 m.? as proportion of assets remaining within Nubo Co is $201.6 m + extra cash generated $99m and these two equal to $300.6m.
Thank you!
November 28, 2014 at 11:39 am #214056
John Moffat
Keymaster
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If you want an answer from the tutor, then you must ask in the Ask the Tutor Forum. This forum is for students to help each other.
December 3, 2014 at 5:38 am #216614
Ramesh
Member
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The 300.6 million is the debt capacity, which the company can borrow. If they borrow the 300.6 million, then the company will have 300.6 million plus the cash of 99 million which is 399.6 million.
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