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David’s business makes an operating profit of £29 975 in the year ended 31 December 2019, after deducting £7668 for depreciation. On 31 December 2019, her statement of financial position showed inventory of £33 250, receivables and prepayments of £26 772 and payables of £35 556. On 31 December 2018, the corresponding figures were inventory £34 490, receivables and prepayments £22 894 and payables £29 493.   What is the net cash inflow from operating activities to be included in David's statement of cashflow for the year ended 31 December 2019.     a. £34,218   b. £33,400   c. £41,068   d. £38,588

David’s business makes an operating profit of £29 975 in the year ended 31 December 2019, after deducting £7668 for depreciation. On 31 December 2019, her statement of financial position showed inventory of £33 250, receivables and prepayments of £26 772 and payables of £35 556. On 31 December 2018, the corresponding figures were inventory £34 490, receivables and prepayments £22 894 and payables £29 493.   What is the net cash inflow from operating activities to be included in David's statement of cashflow for the year ended 31 December 2019.     a. £34,218   b. £33,400   c. £41,068   d. £38,588

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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David’s business makes an operating profit of £29 975 in the year ended 31 December 2019, after deducting £7668 for depreciation. On 31 December 2019, her statement of financial position showed inventory of £33 250, receivables and prepayments of £26 772 and payables of £35 556. On 31 December 2018, the corresponding figures were inventory £34 490, receivables and prepayments £22 894 and payables £29 493.

 

What is the net cash inflow from operating activities to be included in David's statement of cashflow for the year ended 31 December 2019.

 

  a.

£34,218
  b.

£33,400
  c.

£41,068
  d.

£38,588
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