A company reports an operating profit of 142,900 for the year after charging depreciation of 18,200. Over
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A company reports an operating profit of £142,900 for the year after charging depreciation of £18,200. Over the course of the year the company’s inventory increased by £22,800, its trade receivables decreased by £14,300 and its trade payables went up by £17,600. Given the above, what was the cash generated from operations according to the company’s statement of cash flows?
(A) £152,000
(B) £135,000
(C) £170,000
(D) £187,000
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Frank Woods Business Accounting An Introduction To Financial Accounting
ISBN: 9781292365435
15th Edition
Authors: Alan Sangster, Lewis Gordon, Frank Wood
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