A business's bank balance increased by $750,000 during its last financial year. During the same period it
issued shares of $1 million and repaid a loan note of $750,000. It purchased non-current assets for
$200,000 and charged depreciation of $100,000. Working capital (other than the bank balance) increased by
$575,000.
What was its profit for the year?
A $1,175,000
B $1,275,000
C $1,325,000
D $1,375,000
issued shares of $1 million and repaid a loan note of $750,000. It purchased non-current assets for
$200,000 and charged depreciation of $100,000. Working capital (other than the bank balance) increased by
$575,000.
What was its profit for the year?
A $1,175,000
B $1,275,000
C $1,325,000
D $1,375,000