working capital

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January 24, 2020 at 11:06 am #559813
hemantjp
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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
January 25, 2020 at 10:05 am #559851
John Moffat
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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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