Aqua Ltd has operating profit for the year ended 30 June 2020 of £56,300, after charging depreciation of £18,500 and making a profit on the disposal of a car of £1,000. The balance sheet shows the following: Inventory Trade Receivables Trade Payables 2019 2020 ££ 8,500 13,200 17,000 15,500 12,600 14,200 What is the net cash from operating activities? a) £71,200 b) £72,200 c) £78,100 d) £77,100
Aqua Ltd has operating profit for the year ended 30 June 2020 of £56,300, after charging depreciation of £18,500 and making a profit on the disposal of a car of £1,000. The balance sheet shows the following: Inventory Trade Receivables Trade Payables 2019 2020 ££ 8,500 13,200 17,000 15,500 12,600 14,200 What is the net cash from operating activities? a) £71,200 b) £72,200 c) £78,100 d) £77,100
Aqua Ltd has operating profit for the year ended 30 June 2020 of £56,300, after charging depreciation of £18,500 and making a profit on the disposal of a car of £1,000. The balance sheet shows the following: Inventory Trade Receivables Trade Payables 2019 2020 ££ 8,500 13,200 17,000 15,500 12,600 14,200 What is the net cash from operating activities? a) £71,200 b) £72,200 c) £78,100 d) £77,100
12. Aqua Ltd has operating profit for the year ended 30 June 2020 of £56,300, after charging depreciation of £18,500 and making a profit on the disposal of a car of £1,000. The balance sheet shows the following:
Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.
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