Question
Question 4 [10] The following is the balance sheet of Prestige Textile Distributors. Liabilities Liabilities Share capital 25 000 Fixed assets 30 000 Retained earnings
Question 4 [10]
The following is the balance sheet of Prestige Textile Distributors. Liabilities
Liabilities
Share capital
25 000
Fixed assets
30 000
Retained earnings
12 000
Investments
8 000
Long-term loan
17000
Stock
16 000
Trade creditors
22 000
Trade debtors
20 000
Overdraft
0
Other debtors
5 000
Accruals and others
9 000
Cash
6 000
Total
85 000
Assets
Fixed assets 30 000
Investment 8 000
Stock 16 000
Trade debtors 20 000
Other debtors 5 000
Cash 6000
Total 85 000
- Discuss working capital requirements?
- Show the working capital situation if turnover doubles without change in the current terms of trade?
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Essentials Of Advanced Macroeconomic Theory
Authors: Ola Olsson ]
1st Edition
9780415685085
