Information for Fred and Gingers Dance Pty Ltd has been extracted from its financial statements and is

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Information for Fred and Ginger’s Dance Pty Ltd has been extracted from its financial statements and is presented below.

Information relating to the year ended 30 June 2020 is as follows.

Required
(a) Calculate the net cash flows from operating activities.
(b) Compute the cash adequacy ratio, the cash flow ratio, the debt coverage ratio and the cash flow to sales ratio.

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Accounting Business Reporting For Decision Making

ISBN: 9780730369325

7th Edition

Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver, David Bond

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Question Posted: Dec 19, 2022 01:47 AM

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Information for Fred and Gingers Dance Pty Ltd has been extracted from its financial statements and is

Question:

Total current liabilities Total non-current liabilities Trade debtors Trade creditors Accrued expenses Income tax payable Prepaid expenses Inventory 30 June 2020 $200 000 41 400 134 200 102 400 24 400 73 200 18 400 23 400 30 June 2019 $180 600 48 800 122 000 87 800 31 800 61 000 22 000 29 200

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a Cash flows from operating activities Receipts from customers 877800 Payments to suppliers and empl...View the full answer

Accounting Business Reporting For Decision Making

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