Thomas Investments has an operating profit for the year of 185,000 An examination of the Income Statement and Balance Sheet shows that depreciation was 65,000 taxation was 40,000 new capital investment was 100,000 and repayment of borrowings was 65,000 The change in cash over the period was a) An i...

Operating profit 185000 Depreciation 65000 A ...

Thomas Investments has an operating profit for the year of 185,000. An examination of the Income Statement

Question:

Thomas Investments has an operating profit for the year of £185,000. An examination of the Income Statement and shows that depreciation was £65,000 taxation was £40,000 new capital investment was £100,000 and repayment of borrowings was £65,000. The change in cash over the period was:
a) An increase of £45,000 Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...