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QUESTION 3 (25 MARKSI) Todoy is 24 April 2015. Samson (Pty) Lid is a South Afrcan company that manulactures specialsed computer parts for sale throughout

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QUESTION 3 (25 MARKSI) Todoy is 24 April 2015. Samson (Pty) Lid is a South Afrcan company that manulactures specialsed computer parts for sale throughout Africa and has experienced mpid growth in recent years. Much of this growth has been as a revift of launching new products Desplte rapidly increasing revenues. Samen has experienced liquidity pressures as evidenced by a growing overdraft. Samson is now dangerously close to breaching its overdrafh limit of R9.0 milion. Extracts from management accourting infomation for Samaon for the 12 months of trading up in 31 Mainh 2015 ane nivan halne The drectors proposed to declare a scrip efvidend for the current year apposed to a cash dividend in order to ease the pressure on the current cash flow situation. For the purposes of this question, taxation should be ignored. REQUIRED 3.1 Caloulate what the overdrat requirement would have been on 31 March 2015 if working captal days for the period had remained at 30 September 2014 levels. (5) 3.2 Explain the particular pressures taced by conpanies in times of rapid expansion in respect of working capital and profit margins. Iltustrabe your answar with reference to Samson. (8) [12] Clearfy show all your calculations

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