Can you please assist me in answering the below question...

Question 2 [24]

The table below contains extracts from the financial statements of Aegean Travel Agency for

the periods 2016 and 2017.

Extracts from financial statements for 2016 and 2017

2016 2017

R R

Gross profit 525 000

Operating expenses 268 000

Sales expenses 85 000

General and administrative expenses 150 000

Depreciation 33 000

Total non-current assets 1 320 000 1 455 000

Current assets 480 000 475 000

Inventory 195 000 145 000

Trade and other receivables 185 000 220 000

Cash and cash equivalents 100 000 110 000

Current liabilities 134 000 152 000

Trade and other payables 75 000 88 000

Accruals 59 000 64 000

Note: The tax rate is 30%.

Required

Use the information provided to calculate Aegean's operating cash flow and free cash flow

for 2017. Show all formulas and calculations.