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Below is Rodrigues Ltd's income statement and two balance sheets: Which of the following statements about the financial year from 30 June 2020 to 30
Below is Rodrigues Ltd's income statement and two balance sheets: Which of the following statements about the financial year from 30 June 2020 to 30 June 2021 is NOT correct? a. The increase in net working capital (NWC) was $15m. b. Net capital expenditure was negative because in net terms, more property, plant and equipment (PPE) was bought rather than sold. c. The increase in net working capital was positive largely because in net terms, more inventory was bought rather than sold. d. Firm free cash flow (FFCF or Cash flow from assets CFFA) was $302m. e. Net capital expenditure (CapEx) was $120m
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