Balance sheet extracts as at 31/12/2019 & 31/12/2020 2019(RO)2020(RO)Current assets Inventories65004500Account receivables34005300Prepaid Expenses12201550Current liabilities Account payables43203450Expense payables31004700The operating profit for 2020 was RO 22500 and the depreciation for the year was RO7650 The profit on sale of fixed assets RO 4200 . Amortisation of intangible assets OMR 550. Calculate cash flow from operating activity

Operating Cash Flow generated from Operating activities such as use of Operating Profit and the net…

Answered: Balance sheet extracts as at 31/12/2019…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Balance sheet extracts as at 31/12/2019 & 31/12/2020

	2019(RO)	2020(RO)
Current assets
Inventories	6500	4500
Account receivables	3400	5300
Prepaid Expenses	1220	1550
Current liabilities
Account payables	4320	3450
Expense payables	3100	4700

The operating profit for 2020 was RO 22500 and the depreciation for the year was RO7650 The profit on sale of fixed assets RO 4200 . Amortisation of intangible assets OMR 550. Calculate cash flow from operating activity

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