LS0905: Hi-Tech Company’s partial balance sheet for 2 years is given below

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Question: Hi-Tech Company’s partial balance sheet for 2 years is given below

Due to a new product launch, Hi-Tech’s sales grew at a faster pace in year 2018. Hi-Tech’s working capital bank had been assessing its Maximum Permissible Bank Finance (MPBF) under Method 1 till 2017, but due to a credit squeeze it suddenly changed to Method 2 in year 2018.

a) What is the change in net working capital between 2018 and 2017?

b) What is the change in MPBF limit assigned by the bank from year 2017 to 2018? With this change in MPBF limit, will the working capital financing from the bank increase or decrease?


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