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Thread: Stepping Up, Q4

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    Default Stepping Up, Q4

    Hi,

    I just found these questions and am quite excited to polish my Excel skills.

    I'm currently working with the Stepping Up questions but I'm stuck with Question 4.

    Question 4
    Analyst comment: “Our working capital requirements don’t seem correct” [Error(s) in Calculations!71:89]
    What is the change in net working capital ($m) in the Year ending June 2019 under the Base scenario?
    Any help with this would be highly appreciated so I can move on to the next one.

    Thank you!

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    Default Re: Stepping Up, Q4

    Hey bud!

    An error is in line 87 - that's all I'll tell you for now!

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    Default Re: Stepping Up, Q4

    That much I figured already. I've tried a bunch of different combinations but don't seem to get the right answer. I assume that Net working capital should be Current assets - Current liabilities and that Current assets include Accounts receivable and Inventory. But =F74+F78-F84 doesn't result in anything starting with 168.

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    Default Re: Stepping Up, Q4

    You are right: =+F74+F78-F84 is the required change in these rows. Of course the results of this question do depend on the answers to the previous questions as well as potentially subsequent questions (so if you have tried further questions, this could affect your results from Q4).

    I suggest you re-download the template and try starting from the beginning!

    Here are the figures for June 19 for your trouble shooting pleasure .

    Sales 58,538.04
    Days receivable 33.00
    Accounts receivable 5,292.48
    Cost of sales 38,609.28
    Inventory days 42.00
    Inventory 4,442.71
    Cost of sales 38,609.28
    Total expenses 14,659.60
    Days payable 37.00
    Accounts payable 5,399.86
    Net working capital 4,335.33
    Change in net working capital (168.79)

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    Default Re: Stepping Up, Q4

    Thank you! I thought I had everything ok since I got the right answers from the previous questions but I guess I've messed something up It's easier to check now that I know the right answer for sure.

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