3 Part A For each of the following items, indicate which part of the statement of cash flow will be affected and indicate whether it will have an inflow or outflow on cash. The first item has been completed as an example. No. Item Statement of cash flow (Operating or investing or financing activities) Proceeds from the sale of equipment investing activity used in the business a) Declaration and payment of dividend on company shares b) An increase in the balance of accounts payable c) The purchase of an office equipment to be used in the business d) A decrease in the balance of prepaid insurance e) The proceeds from issuing additional ordinary shares f) An increase in taxes payable Effect on cash (inflow or outflow) inflow Part B Sarah Corporation provided the following information. RM Inventory at 31 December 2020 30,000 Inventory at 31 December 2021 20,000 Trade receivables at 31 December 2021 80,000 Trade payables at 31 December 2021 50,000 Bank overdraft at 31 December 2021 10,000 Purchases for the year 2021 360,000 Sales for the year 2021 480,000 REQUIRED Compute the followings: a) Gross profit margin marks) b) Current ratio marks) c) Inventory turnover marks) LSH PAT0074 7/6 (12 marks) (3.5 (3 (4 INTRODUCTION TO FINANCIAL ACCOUNTING 13 JANUARY 2022 d) Trade receivables to sales ratio (days) marks) (2.5