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Calculating Tax and Interest Paid from Cash generated from Operations

Forums › Ask CIMA Tutor Forums › Ask CIMA F1 Tutor Forums › Calculating Tax and Interest Paid from Cash generated from Operations

  • This topic has 2 replies, 2 voices, and was last updated 8 years ago by felipemantovani.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • January 31, 2017 at 12:29 pm #370363
    felipemantovani
    Participant
    • Topics: 6
    • Replies: 6
    • ☆

    Dear Sirs, I am confused as to how I can distinguish which part of the receivables and payables are for interest and tax and for what year, without a balance sheet and income statement, given only the following as the question:

    A’s Statement of cash flow YE 31 October 20X8 ($000)
    Profit before tax 2,200
    Finance cost 600
    Depreciation 1,992
    Gain on disposal of assets (25)
    Inventory (250)
    Receivables (150)
    Payables (70)
    Cash generated from Operations 4,297

    1) What would be the tax paid amount for the year ended 31 Oct 20X8?
    2) What would be the interest paid amount for the year ended 31 Oct 20X8?

    Thanks again in advance.

    February 4, 2017 at 7:50 am #370988
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7159
    • ☆☆☆☆☆

    Hi,

    Are you not given any further information in the question? The interest paid may be the same as the finance cost, assuming there are no interest accruals on the SFP. Other than this there has to be further information available to calculate the figure required.

    Thanks

    February 4, 2017 at 9:06 am #370997
    felipemantovani
    Participant
    • Topics: 6
    • Replies: 6
    • ☆

    These were my thoughts exactly, but that’s all the information given in the question, which is why I was perplexed. These are all Kaplan practice questions. Thanks for getting back to me.

  • Author
    Posts
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