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working capital

HHemant6y ago
Hi Sir, June 2013 question paper - que.3(a)(ii) ,TGA co. calculation of revised overdraft level for ratio, why should net working capital ($300800) need to deduct ? Thanks
John MoffatJohn MoffatTutor6y ago#1
It is because the question says that the net working capital will not change and so will stay at 300,800. So the overdraft has to be the missing figure.
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