Working capital

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March 5, 2016 at 8:25 pm #303691
khan27
Member
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Hi John,

June 2007 PNP Co part a
How did he Calculated the $806144 figure?
The increase in receivables is $61644 and current given receivables are $744.5

Can you help me with this please. Exam in 5 days.
Thanks 🙂
March 6, 2016 at 8:37 am #303751
John Moffat
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Current receivables are 744,500, the increase is receivables is 61,644 (20548 class 1 and 41096 class 2), so the new receivables are 744,500 + 61,644 = 806,144
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