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Calculate additional working capital that Gemmel Ltd fund

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Reference no: EM133051127

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 30.09.2021 ($'000)

COGS

(980)

(720)

Trade debtors

80

40

Inventory

280

260

Trade creditors

(120)

(150)

Required - Calculate the additional working capital that Gemmel Ltd has to fund during 2022 based on the forecast for 2022.

A. $320,000.

B. $240,000.

C. $30,000.

D. $90,000.

Reference no: EM133051127

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