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Question 3 The following information has been taken from the financial statements of Quarts Jewellery Ltd for the last year and the year before last:

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Question 3 The following information has been taken from the financial statements of Quarts Jewellery Ltd for the last year and the year before last: Operating Profit Depreciation charged in arriving at operating profit Inventories held at the end of year Trade receivables at the end of year Trade payables at end of year 2020 R(m) 156 47 27 24 15 2021 R(m) 187 55 31 23 17 Calculate the amount of cash generated for Quartz Jewellery Ltd for last year. [8] 3

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