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July 26, 2013 at 1:08 pm #134309
catacca2012
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Explain the workings please. The answer given is C $87,074 though.
July 24, 2013 at 2:34 pm #134240
catacca2012
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$
Depreciation charges
+ 980,000
Profit on sale of non-current assets
+40,000
Increase in inventories
-130,000
Decrease in receivables
+100,000
Increase in payables
+80,000

Net cash in addition to operating profit of $1,070,000
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