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What is your recommendation to the credit manager

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Reference no: EM132975938

Question - As a credit analyst for Ledig Commercial Bank, you assess client applications for term loans and other facilities. Mogwase Steenwerke Beperk, a brick manufacturing enterprise, requires an overdraft facility and provides you with the following details:

Current assets of R15m

Current liabilities of R8m

Net sales of R25m

Debtors' collection period of 30 days

Quick ratio of 0.97x

Mogwase Steenwerke Beperk does not have any pre-paid expenses.

Required -

I. Calculate the following:

a. current ratio

b. level of inventory

c. receivables

II. What is your recommendation to the credit manager?

Reference no: EM132975938

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