7 Sources and Uses For the last year, you have gathered the following information about Rock Spring...
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7 Sources and Uses For the last year, you have gathered the following information about Rock Spring plc:
(a) The company undertook a £200 million share buyback programme.
(b) £300 million was invested in property, plant and equipment.
(c) Deferred revenue increased by £400 million.
(d) Corporation tax payments were £500 million.
(e) Staff redundancy payments of £50 million were made.
Label each as a source or use of cash and describe its effect on the firm’s cash balance.
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