Calculate the cash flow from operating activities on the basis of the following information using indirect method:
Question:
Calculate the cash flow from operating activities on the basis of the following information using indirect method:
Profit and loss account for the year ended 31st December 2017
Transcribed Image Text:
Particulars Sales Interest earned Total income Material consumed Other expenses Depreciation Interest & finance charges Profit before tax Provision for income tax Profit after tax Balance sheet excerpts as on Inventories Trade receivables Trade payables Provision for tax (* in Million) 228.35 27.43 255.78 96.68 54.24 32.29 21.77 50.80 17.46 33.34 31st December 2017 31st December 2016 37.88 25.12 64.63 32.17 16.66 11.45 17.46 14.48
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 25% (4 reviews)
To calculate the cash flow from operating activities using the indirect method we start with the net profit after tax and make adjustments for noncash ...View the full answer
Answered By
Saleem Abbas
Have worked in academic writing for an a years as my part-time job.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Sun Pharmaceutical Limited is a leading pharmaceutical company of India engaged in research and manufacturing of drugs. It has over over 40 stateoftheart manufacturing sites spanning 6 continents....
-
The following are transactions of Albert Sing, an interior design consultant, for the month of September 2011. Sept. 1 Albert Sing begins business as an interior design consultant, investing $31,000...
-
The following questions are used in the Kaplan CPA Review Course to study the statement of cash flows while preparing for the CPA examination. Determine the response that best completes the...
-
Describe four different definitions of quality.
-
After several years of operations, the partnership of Nelson, Pope, and Williams is to be liquidated. After making closing entries on March 31, 20--, the following accounts remain open: The noncash...
-
Angela Company is a manufacturer of toys. During the year, the following situations arose: 1. A safety hazard related to one of its toy products was discovered. It is considered probable that...
-
Northern Group, Inc., is a Wisconsin corporation that contracts with manufacturers and suppliers to develop marketing strategies and promotions to third-party retailers. In exchange for these...
-
Cost-plus and market-based pricing. Florida Temps, a large labor contractor, supplies contract labor to building-construction companies. For 2012, Florida Temps has budgeted to supply 84,000 hours of...
-
Problem 4. Suppose that A in an m x n matrix and b is a vector in R. Let a = (a1,..., am) be a vector in Rm. Carefully prove that the following two statements are equivalent: There is a vector x R"...
-
Container Corporation of India Ltd. (CONCOR) commenced operation from November 1989. It is now an undisputed market leader having the largest network of 68 inland containers depots (ICDs). In...
-
On the basis of the following information, prepare the cash flow statement for Seven Wonders Limited for the year 201617. Additional Information: 1. Shortterm investments represent investment of...
-
Evaluate. 9.4 164 -
-
4. Work out the number of elementary operations in the worst possible case and the best possible case for the following algorithm (justify your answer): 0: function Nonsense (positive integer n) 1:...
-
Company is manufacturing caps in four colors: black, red, white, and blue. The monthly demand for each color is 4,000 units. Each cap requires .5 pound of raw cotton that is imported from the Mogali...
-
(+ 6. Using RLE find the code for the given data. 1 2 3 4 5 6 7 7 1 2 345 678 7 9 10 1-3B2W2B1W1B1W 2 - 10B 31B1W4B1W3B 8 8 9 10
-
Describe three advantages of the common-law (case law) system
-
An object of mass m = 3.5 kg placed on a frictionless horizontal table is connected to a string that passes over a pulley and then is fastened to a hanging object of mass m = 7kg. Draw the free body...
-
Using the results of problem, compute a critical value by using the Tukey-Kramer procedure for groups 1 and 2. Use = .05. Determine whether there is a significant difference between these two...
-
Construct a 4 x 25 design confounded in two blocks of 16 observations each. Outline the analysis of variance for this design.
-
Some critics argue that the Foreign Corrupt Practices Act puts U.S. businesses at a disa d vantage when competing in foreign markets with suppliers from other countries that do not have similar laws....
-
Discuss the concept of a marketing information system and why it is important for marketing managers to be involved in planning the system.
-
In your own words, explain why a decision support system (DSS) can add to the value of a marketing information system. Give an example of how a decision support system might help.
-
What are the drawbacks (disadvantages) of the relational database management system and of the object-oriented database system? What hardware or software support has been implemented for the...
-
Oil having a density of 921 kg/m floats on water. A rectangular block of wood 4.41 cm high and with a density of 963 kg/m floats partly in the oil and partly in the water. The oil completely covers...
-
Discuss database management systems with your class. Explore the multiple facets of database management systems. View the Interaction " Database Management Systems ". Make sure you discuss the three...
Study smarter with the SolutionInn App