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Compute the percentage of depreciation expense to cash flows from operations for the current year. (Round your percentage answer to 1 decimal place (i.e. 0.123
Compute the percentage of depreciation expense to cash flows from operations for the current year. (Round your percentage answer to 1 decimal place (i.e. 0.123 should be entered as 12.3).)
Required information P8-7 (Algo) Inferring Activities Affecting Fixed Assets from Notes to the Financial Statements and Analyzing the Impact of Depreciation on Cash Flows LO8-5, 8-7 (The following information applies to the questions displayed below.) The following information is summarized from Note 20 of a recent annual report of Andromidas Airlines. Numbers are in millions of Singapore dollars: Beginning of Year Additions Disposals End of Year Cost Aircraft Other fixed assets (summarized) 18,340.1 6,859.1 25,199.2 2,267.2 2,180.8 4,448.0 1,760.3 2,499.0 4,259.3 18,847.0 6,540.9 25,387.9 Beginning Impairment of Year Depreciation Loss Disposals End of Year Accumulated depreciation Aircraft Other fixed assets (summarized) 5,664.2 2,880.9 8,545.1 1,537.1 535.2 2,072.3 44.4 2.1 46.5 933.9 399.4 1,333.3 6,311.8 3,018.8 9,330.6 Andromidas Airlines also reported the following cash flow details: Prior Year 2,562.2 Cash Flow from Operating Activities (in $ millions) Current Year Profit before taxation 1,207.6 Adjustments for Depreciation 2,072.3 Impairment loss 46.5 Loss (gain) on disposal of fixed assets (60.7) Other adjustments (summarized) (1,542.2) Cash generated from operations 1,723.5 1,497.8 6.1 (42.1) 431.9 4,455.9
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