Question
Your client, Gemmel Ltd, has the following 2022 forecast information and comparisons to actual year end 2021. Forecast year ending 30.09.2022 ($'000) Actual year ending
Your client, Gemmel Ltd, has the following 2022 forecast information and comparisons to actual year end 2021.
Forecast year ending 30.09.2022 ($'000) | Actual year ending 30.09.2021 ($'000) | |
COGS | (980) | (720) |
Trade debtors | 80 | 40 |
Inventory | 280 | 260 |
Trade creditors | (120) | (150) |
Calculate the additional working capital that Gemmel Ltd has to fund during 2022 based on the forecast for 2022.
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Intermediate Accounting Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian Edition
1119497043, 978-1119497042
