Diana Rink Ltd, a chain of off-licences, has the following extracts from the accounts. Profit and Loss
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Diana Rink Ltd, a chain of off-licences, has the following extracts from the accounts.
Profit and Loss Account
£
Operating profit 95,000 Depreciation for year 8,000 Profit on sale of 3,500 fixed assets Required:
Prepare a statement which reconciles operating profit to operating cash flow.
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