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Question VRV is a manufacturer of medical devices based in P-Land, where the local currency is the P$. As finance manager, you have been responding
Question VRV is a manufacturer of medical devices based in P-Land, where the local currency is the P$. As finance manager, you have been responding to the findings of the External Auditor and have been asked to update the Senior Leadership Team (SLT) briefing pack to reflect the errors identified by the auditor. P$'000 3,221 Extract cash flows: Cash generated from operations Total long-term borrowings Net capital expenditure 5,487 1,200 Errors identified by the external auditor: Overstatement of closing inventories Overstatement of closing payables 800 125 Assuming all cash generated from operations is utilised and the necessary adjustments are made regarding the identified errors, calculate VRV's ability to meet its long-term obligations the revised cash generated from operations to total debt. Give your answer to two decimal places. Do not include symbols, commas, or letters in your response. Question VRV is a manufacturer of medical devices based in P-Land, where the local currency is the P$. As finance manager, you have been responding to the findings of the External Auditor and have been asked to update the Senior Leadership Team (SLT) briefing pack to reflect the errors identified by the auditor. P$'000 3,221 Extract cash flows: Cash generated from operations Total long-term borrowings Net capital expenditure 5,487 1,200 Errors identified by the external auditor: Overstatement of closing inventories Overstatement of closing payables 800 125 Assuming all cash generated from operations is utilised and the necessary adjustments are made regarding the identified errors, calculate VRV's ability to meet its long-term obligations the revised cash generated from operations to total debt. Give your answer to two decimal places. Do not include symbols, commas, or letters in your response
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