FREE Trial

The following information has been taken from the financial statements of Juno plc for last year and

Question:

The following information has been taken from the financial statements of Juno plc for last year and the year before last:

Year before last Last year £m £m 187 Operating profit Depreciation charged in arriving at operating profit Inventories


Required:
What is the figure for cash generated from the operations for Juno plc for last year?

Financial Statements
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...
Transcribed Image Text:

Year before last Last year £m £m 187 Operating profit Depreciation charged in arriving at operating profit Inventories held at end of year Trade receivables at end of year Trade payables at end of year 156 47 55 27 31 24 15 23 17

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 66% (12 reviews)

Juno plc m Operating profit for last year 187 Adjustments for Depreciatio...View the full answer


answer-question-section
Answered By
tutor-profile-image
Collins Omondi
I have been an academic and content writer for at least 6 years, working on different academic fields including accounting, political science, technology, law, and nursing in addition to those earlier listed under my education background. I have a Bachelor’s degree in Commerce (Accounting option), and vast knowledge in various academic fields Finance, Economics, Marketing, Management, Social Science, Women and Gender, Business law, and Statistics among others.
4.80+ 4+ Reviews 16+ Question Solved
Related Book For  book-img-for-question
Accounting and Finance An Introduction

Accounting and Finance An Introduction

ISBN: 978-1292088297

8th edition

Authors: Peter Atrill, Eddie McLaney

See More Books
Question Posted:
See More Questions

Related Video

Depreciation of non-current assets is the process of allocating the cost of the asset over its useful life. The cost of the asset includes the purchase price, any additional costs incurred to bring the asset to its current condition and location, and any other costs that are directly attributable to the asset. The useful life of the asset is the period over which the asset is expected to be used by the company. To calculate the depreciation, companies use different methods such as straight-line, declining-balance, sum-of-the-years\'-digits, units-of-production, and group depreciation. The chosen method will depend on the type of asset, the company\'s accounting policies, and the accounting standards that are applicable. The straight-line method allocates an equal amount of the asset\'s cost over its useful life, while the declining-balance method calculates depreciation at a fixed rate, typically double the straight-line rate, but the amount of depreciation decreases over time. The sum-of-the-years\'-digits method is similar to the declining-balance method, but the rate of depreciation is calculated using a fraction that is based on the useful life of the asset. It\'s important to note that the depreciation expense will be recorded on the company\'s income statement and the accumulated depreciation will be recorded on the company\'s balance sheet. This will decrease the value of the asset on the balance sheet over time.

Students also viewed these Business questions

Voit Junior Enduro Cb6 Basketball - ISBN: B0006MM04G - Free Book