Question: (20 Marks) QUESTION 1 (6 marks) 1.1 REQUIRED Use the percentage-ol-sales method to determine the increase in the networking capital requirements of Britar Engineering for

(20 Marks) QUESTION 1 (6 marks) 1.1 REQUIRED Use the percentage-ol-sales

(20 Marks) QUESTION 1 (6 marks) 1.1 REQUIRED Use the percentage-ol-sales method to determine the increase in the networking capital requirements of Britar Engineering for 2020, INFORMATION The following information was extracted from the financial statements Britar Engineering for 2019, Sales Debtors Short-term loans Inventory R 1 728 000 432 000 311 040 518 400 86 400 259 200 Cash and cash equivalents Creditors Britar Engineering anticipates sales of R2 160 000 for 2020. 1.2 Study the graph below and identify the type of working capital financing policy used by the business. Comment on this policy (5 marks) R Fluctuating current assets Short-term financing Permanent current assets Long-term financing Non-current assets Time

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