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REQURRED Use the information provided below to prepare the Caah Flow Statement of Nascar Limited for the year ended 31 December 2021. INFORMATION The following
REQURRED Use the information provided below to prepare the Caah Flow Statement of Nascar Limited for the year ended 31 December 2021. INFORMATION The following information was extracted from the records of Nascar Limited for the past two years: STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER: STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER: 2020(R) 24440000244400003360000250000064000022000027800000 \begin{tabular}{r|} \hline \hline \\ \hline 19863000 \\ \hline 17600000 \\ \hline 2263000 \\ \hline 6000000 \\ \hline 6000000 \\ \hline 1917000 \\ \hline 1290000 \\ \hline 67000 \\ \hline 560000 \\ \hline 27800000 \\ \hline \hline \end{tabular} Additionat information - The issue price of all the shares is R10 each. New shares were issued on the first day of the financial year. - Interim and final dividends for the year ended 31 December 2021 amounted to R1 413000 . - Fixed assets were sold at carrying (oook) value during the year for R1 440 000. Fixed assets were also purchased. - The shares in Nascar Limited are currently seling for R12 each. - Al purchases and sales of inventories are on credit. - The following ratios have been calculated: \begin{tabular}{|l|l|l|} \hline & 2021 & 2020 \\ \hline Proit margin (Net profit mangin) & 9.84% & 9.68% \\ \hline Acid test ratio & 1.38:1 & 0.45:1 \\ \hline Retum on equity & 7.45% & 5.84% \\ \hline \end{tabular}
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