Pedantic Ltd has operating profit for the year ended 30 June 2020 of £40,300, after charging depreciation of £6,500, amortisation of £2,000 and making a loss on the disposal of a car of £1,000. The balance sheet shows the following changes over the year: Trade receivables: increase by £1,500 Inventories: increase by £1,200 Trade payables: increase by £1,800 What is the net cash from operating activities? a) £49,800 b) £48,900 c) £54,300 d) £50,700
Pedantic Ltd has operating profit for the year ended 30 June 2020 of £40,300, after charging depreciation of £6,500, amortisation of £2,000 and making a loss on the disposal of a car of £1,000. The balance sheet shows the following changes over the year: Trade receivables: increase by £1,500 Inventories: increase by £1,200 Trade payables: increase by £1,800 What is the net cash from operating activities? a) £49,800 b) £48,900 c) £54,300 d) £50,700
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Pedantic Ltd has operating profit for the year ended 30 June 2020 of £40,300, after charging
Trade receivables: increase by £1,500
Inventories: increase by £1,200
Trade payables: increase by £1,800
What is the net cash from operating activities?
a) £49,800
b) £48,900
c) £54,300
d) £50,700
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