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QUESTION 1 ( 2 0 Marks ) REQUIRED Study the information given below and answer the following questions: 1 . 1 Calculate the net cash
QUESTION Marks
REQUIRED
Study the information given below and answer the following questions:
Calculate the net cash flow from financing activities. Also state whether it is a net cash
inflow or net cash outflow. marks
Calculate the amount that would appear as Working capital changes in the Statement
of Cash Flows of Fiona Limited. marks
Calculate the percentage increase in operating expenses over the twoyear period and
comment on your answer. marks
Comment on the following items over the twoyear period. No ratios are required.
Noncurrent assets marks
Inventories marks
Accounts receivable marks
INFORMATION
The following information was obtained from the financial records of Fiona Limited:
Fiona Limited
Statement of Comprehensive Income for the year ended December:
RR
Sales
Cost of sales
Gross profit
Operating expenses
Operating profit
Interest expense
Profit before tax
Company tax
Profit after tax
Fiona Limited
Statement of Financial Position as at December:
RR
ASSETS
Noncurrent assets
Property, plant and equipment
Current assets
Inventories
Accounts receivable
Cash
Total assets
EQUITY AND LIABILITIES
Equity
Ordinary share capital
Retained earnings
Noncurrent liabilities
Longterm loan
Current liabilities
Accounts payable
Dividends payable
Total equity and liabilities
Additional information
All purchases and sales of inventories are on credit.
Depreciation for the year ended December amounted to R
Interim dividends paid out during the financial year ended December amounted to R
Credit terms to debtors are days and credit terms from suppliers are days.
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