Question
Francophone enterprise has the objective of maintaining these assets and liabilities for the next period. Fixed assets GHc 500,000, Inventory GHc200,000, Trade receivables GHc100,000, Cash
Francophone enterprise has the objective of maintaining these assets and liabilities for the next period. Fixed assets GHc 500,000, Inventory GHc200,000, Trade receivables GHc100,000, Cash GHc50,000, Bank overdraft GHc80,000, Long-term Loan GHc60,000, Trade payables GHc120,000. What is the working capital requirement for the next period? * (a) GHc350,000 (b) GHc150,000 (c) GHc230,000 (d) GHc90,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
AS Accounting For AQA
Authors: David Cox,Michael Fardon
2nd Edition
1905777140, 978-1905777143
