The information below was taken from the IFRS-based 2008 financial statements published by Carrefour, a French retailer
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The information below was taken from the IFRS-based 2008 financial statements published by Carrefour, a French retailer (in million euros).
Income before tax …………………... 2,214
Tax ……………………………………. 624
Provision for amortization ………….. 1,946
Net gains on sales of assets …………… 219
Provision for impairment ……………… 642
Net increase in working capital ……….. 964
From the information above, estimate net cash from operations.
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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