Solved

Andreas Limited Has the Following Figures in the Financial Statements

Question 4

Multiple Choice

Andreas Limited has the following figures in the financial statements for the year ended 30 November 2019:
20192018££ Operating profit 42,00035,000 Depreciation charged in year 28,00025,000 Inventories 35,00040,000 Trade receivables 29,00032,000 Trade payables 25,00019,000\begin{array}{|l|c|c|}\hline & 2019 & 2018 \\\hline & £ & £ \\\hline \text { Operating profit } & 42,000 & 35,000 \\\hline \text { Depreciation charged in year } & 28,000 & 25,000 \\\hline \text { Inventories } & 35,000 & 40,000 \\\hline \text { Trade receivables } & 29,000 & 32,000 \\\hline \text { Trade payables } & 25,000 & 19,000 \\\hline\end{array} What is Andreas Limited's cash inflow from operating activities for the year ended 30 November 2019 using the indirect method?


A) £56,000
B) £66,000
C) £72,000
D) £84,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents