The following information was taken from the IFRS-based 2012 financial statements published by Carrefour, a French retailer
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The following information was taken from the IFRS-based 2012 financial statements published by Carrefour, a French retailer (in million euros):
Income before tax ..............552
Tax ...................543
Provision for depreciation and amortization .... 1,610
Net gains on sales of assets .........186
Provision for impairment ...........719
Net increase in working capital ....... 42
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...
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An estimate of net cash from operations would be Income before tax ...View the full answer
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