6.6 Grant’s business makes an operating profit of £16 632 in the year ended 30 April 2012.

One of the deductions in arriving at operating profit was depreciation of £6650.

At 30 April 2012 the statement of financial position showed inventory of £26 750, trade receivables of £12 704 and trade payables of £11 667. On 30 April 2011 the corresponding figures were: inventory £27 997; trade receivables: £11 940 and trade payables:

£9975. There was no interest paid or interest received.

What is the net cash inflow from operating activities to be included in Grant’s statement of cash flows for the year ending 30 April 2012?

a) £21 107

b) £18 807

c) £22 073

d) £25 457.