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The Mac 1 0 Department Store produced the following data for 2 0 2 2 : table [ [ BALANCE SHEET AS AT DECEMBER

The Mac

10

Department Store produced the following data for

2022

\\

table

[[

BALANCE SHEET AS AT DECEMBER

31 .], [, 2021,,, 2022,,], [,

,

,

,

,

,

Required:

(

) .

Prepare the cash flow statement for the year.

(20

marks

)

(

)

The Chairman of the board had expressed concern over the declining current assets, especially in the depletion of the bank balance. Using items in the cash flow statements and

/

or any other relevant information, explain the financial position and apparent stability of the company.

(5

marks

)

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