David’s business makes an operating profit of £29 975 in the year ended 31 December 2019, after deducting £7668 for depreciation. On 31 December 2019, her statement of financial position showed inventory of £33 250, receivables and prepayments of £26 772 and payables of £35 556. On 31 December 2018, the corresponding figures were inventory £34 490, receivables and prepayments £22 894 and payables £29 493. What is the net cash inflow from operating activities to be included in David's statement of cashflow for the year ended 31 December 2019. a. £34,218 b. £33,400 c. £41,068 d. £38,588
David’s business makes an operating profit of £29 975 in the year ended 31 December 2019, after deducting £7668 for depreciation. On 31 December 2019, her statement of financial position showed inventory of £33 250, receivables and prepayments of £26 772 and payables of £35 556. On 31 December 2018, the corresponding figures were inventory £34 490, receivables and prepayments £22 894 and payables £29 493. What is the net cash inflow from operating activities to be included in David's statement of cashflow for the year ended 31 December 2019. a. £34,218 b. £33,400 c. £41,068 d. £38,588
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
David’s business makes an operating profit of £29 975 in the year ended 31 December 2019, after deducting £7668 for
What is the net
a. |
£34,218 |
|
b. |
£33,400 |
|
c. |
£41,068 |
|
d. |
£38,588 |
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