The 2013 financial statements of Domino’s are presented in the appendix at the back of this book. The cash flow statement for Domino’s for 2013 is reproduced below and on the following page. 

Required

(a) Calculate the ratio of cash to daily cash expenses for each year using the closing consolidated cash balance reported in the cash flow statement.

(b) Which year has the stronger cash position based on the ratios calculated?

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DOMINO'S PIZZA ENTERPRISES LTD Cash flow statement for the year ended 30 June 2013 Cash flows from operating activities Receipts from customers Payments to suppliers and employees Interest received Interest and other costs of finance paid Income taxes paid Net cash generated by operating activities Cash flows from investing activities Payment for investment and business operations, net of cash and inventory acquired Loans repaid from third parties and franchisees Payment for property, plant & equipment Proceeds from sale of businesses and other non-current assets Payments for intangible assets Net cash used in investing activities Note 37 36 Consolidated 2013 $'000 327 142 (282 864) 1103 (405) (11796) 33 180 (19 077) 2516 (25 037) 21 069 (9 866) (30 395) 2012 $'000 295 099 (250 792) 1785 (451) (7963) 37 678 (11876) 2106 (17658) 22924 (7474) (11978)