The following information was taken from the IFRS-based 2014 financial statements published by Carrefour, a French retailer
Question:
The following information was taken from the IFRS-based 2014 financial statements published by Carrefour, a French retailer (in million euros):
Income before tax ..........................................................................2,010
Tax .......................................................................................................800
Provision for depreciation and amortization ..............................1,451
Net gains on sales of assets .............................................................355
Provision for impairment ..................................................................175
Net increase in working capital ...........................................................18
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...
Step by Step Answer:
An estimate of net cash from operations would be as follows Income before tax 2010 Less Tax 800 Plus ...View the full answer
